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TCI: Over $400,000 surplus projected by Nat’l Health Insurance Plan

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#Providenciales, April 29, 2019 – Turks and Caicos – The nation’s social healthcare plan is projecting a surplus for the fiscal year 2019-2020 and that surprising excess was explained as due to an expected increase in income and little change when it comes to staffing costs.

Chief Financial Officer of the Board, Riyad Rahamad, with a team from the National Health Insurance Board was reporting to the Appropriations Committee of the House of Assembly this past week.

“Revenue has been increasing over the last couple of years and this year we took a three percent increase to bring us up a little bit more.  We try to keep the subvention as low as possible, keeping it consistent with what was budgeted for in 2018-19.  This is the subvention from the TCIG, but again that is also depends on what the Ministry of Health and Ministry of Finance will also put on their budgets so we are also guided by that… overall we are still projecting an increase to about $70.4 million.”

It is projected that the NHIP will chart an overall increase of three percent or $412,000 for the new financial year.  In the last budget cycle, income was $68.5 million.

There is a slight rise in the cost for staff.  Cost of staffing this fiscal year is just over $2 million.

“There were a lot of vacancies that existed at NHIB and we have started the process and we expect that most of these will be filled in this financial year, if not all.”

This however is only a projection and could easily be negatively affected by emergency medical care or unexpected demands likely linked to the Treatment Abroad Program, TAP.

“We sort of looked at trends over the last couple of years; the dollar value as well as the number of cases that we see of people going abroad under the different specialties.  Using those things we came up with the figures in terms of what we are looking at, trying to keep it as realistic as possible.  With medical expenses, you can never be accurate because you always have emergency cases and situations that we have to death, life threatening situations but we tried our best to keep our medical expenses as low as possible but as realistic as possible.”

Mr. Rahamad informed Committee member, Hon Royal Robinson that the addition of U.S. medical centers as a part of the approved list for TAP remains unconcluded. 

“We have a list of approved provided, but from my knowledge, I am not sure that the United States has been put onto that approved list.  However, we have been seeing more cases and more requests being made to go to the United States and I know that our operations department is looking at it.”

Build institutional capacity, strengthen outreach programs and IT systems, improve compliance of participants in the Plan and a three-year strategic plan are steering the efforts of the NHIB, said the CFO.   A completion of over $500,000 in capital projects is also anticipated to be completed this fiscal year.

Income at the NHIB is projected to be $70.3 million this financial year.

#magneticmedianews

#nhipsurplus

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NATIONAL SECURITY COUNCIL STATEMENT REGARDING RECENT THREATS MADE AGAINST TURKS AND CAICOS ISLANDS AIRPORTS AND SCHOOLS

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May 6th, 2024 – As co-chairs of the National Security Council, Her Excellency the Governor and the Honourable Premier condemn strongly recent threats made against Turks and Caicos Islands airports and schools.

We have zero tolerance for these disruptions and the alarm that they cause. The Royal Turks and Caicos Islands Police Force (RTCIPF) continues to work closely with partner agencies and will keep the public updated as we manage the situation.

The National Security Council wishes to reassure residents, travellers and parents that the safety and security of our Islands is its highest priority.

All appropriate measures are being taken to address these threats and all required security protocols are being followed.

The Airports Authority and the Ministry of Education, with school principals are collaborating with the RTCIPF  investigations.

We encourage the public to be extra vigilant against phishing and malicious emails and report any suspicious activity to the authorities.

We appreciate the understanding of the public as we work to ensure the safety and well-being of our airports, schools and communities.

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TCI News

Bomb Threat No 6. In TEN days

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Dana Malcolm 

Staff Writer

“Our daughter is on the plane and they took them off the plane and we don’t know where the people are—she called— and we haven’t been able to get a hold of her since” the words of a panicked parent and one example of the chaos that criminals making malicious bomb threats on the Turks and Caicos’ airports are causing.

That parent was one of many residents waiting anxiously outside the Providenciales International Airport on Sunday, May 5th after Bomb threats were yet again filed against it; simultaneously threats were also made against the JAGS McCartney Airport in Grand Turk.

The couple, speaking to Wilkie  Arthur, Magnetic Media Court Correspondent,  were sitting in their car, the mother in tears, watching as travelers were made to disembark and leave the airport for their own safety.

The TCIAA confirms that it quickly evacuated travellers who were on board the aircraft on the runway at the time, via gates in airport fencing.

Arthur spoke to pilots who were frustrated at the delay.

”From our perspective, this flight is canceled.“ One of them told Arthur.

They expressed the same concern that other residents had shared with Magnetic Media, that it was time for the police to find the culprits behind the repeated threats which have turned out in all cases so far to be hoaxes.

Magnetic Media observed dozens of resident travelers mowing about on the tarmac and outside of the airport just waiting for police to finish their bomb threat protocol for the sixth time in 10 days.

The other threats came on Friday, April 26, Saturday, April 27, and Monday, April 29 (2) all via email.

Eventually, passengers were observed going back through security to reboard their  flights.

It’s the first time in six encounters that no word has come from the Turks and Caicos Islands Airports Authority about the bomb threat, and when Arthur tried to approach the airport to film, he was told not to.

Based on eyewitness reports, several flights were delayed, including at least one international flight to Texas.

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Bahamas News

RBC appoints new Country Manager and Area Vice President for Turks & Caicos 

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RBC Royal Bank (Bahamas) Limited (“RBC”) is pleased to announce the recent appointment of Kerryl-Lyn King-Henry as Country Manager and Area Vice President (“AVP”), Personal and Commercial Banking, Turks & Caicos Islands (TCI).

In her new role as Country Manager and AVP, King-Henry will take on full responsibility for the bank’s operations, strategy, and development in the TCI market, with a strong focus on solidifying partnerships with the Government, regulatory bodies, and the local community.

King-Henry brings to the role a dynamism influenced by nearly 25 years of industry experience. Prior to her new appointment, she served as AVP of Business Banking in Trinidad and Tobago. She has held progressively senior roles within both personal and commercial banking, as well as various functional units.

King-Henry holds a Master of Business Administration (MBA) degree, with a specialization in Leadership, FinTech and Big Data Analysis, in addition to a Bachelor’s Degree in Business Administration. Further enriching her professional profile, Kerryl-Lyn is a certified John C. Maxwell Coach, Trainer, Teacher, and Speaker. Her passion for leadership and development is matched by her commitment to community service, as she actively volunteers her time and leverages her professional expertise to mentor and support others. “

Kerryl-Lyn’s extensive experience and proven leadership capabilities make her the perfect choice to lead our operations in the Turks & Caicos Islands,” said Ericka Rolle, RBC’s Managing Director and Vice President, Personal Banking, The Bahamas and TCI.

“Her commitment to excellence, combined with a genuine passion for community engagement, aligns perfectly with our Bank’s purpose of helping clients thrive and communities prosper. We are excited to see the positive impact she will undoubtedly bring to her new role,” she added.

 

 

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