Should Healthcare Be Monetized? Finance Minister Imbert on Rising Costs in T&T
UTP leader Nickocy Phillips discusses the nation’s healthcare system.
June 6, 2024 – At the Standing Finance Committee meeting on Monday (June 3, 2024), Minister of Finance Colm Imbert stated that the cost of healthcare in Trinidad and Tobago has increased significantly over the last twenty years. He noted that the Ministry of Health received a budget allocation of almost 500 billion dollars (likely referring to a cumulative figure or a misunderstanding of “almost half a billion dollars” supplementary in addition to a ~$7.5B budget, based on provided search results about Ministry of Health 2024 budget supplementation of $495 million).
Imbert expressed that it was proving difficult to finance the health sector’s purchase of free pharmaceuticals and other free services. He concluded that “something must be done to decrease the cost.” Following these comments, Nickocy Phillips, Political Leader of the Unity of the People, shared their thoughts on the matter, contributing to the ongoing debate about the future of healthcare funding in Trinidad and Tobago.
