Health Minister: $155M In Funding For Hospital

February 22, 2023

The budget for the 2023/2024 financial year includes $155,158,762 in funding for the King Edward VII Memorial Hospital and Mid-Atlantic Wellness Institute, Minister of Health Kim Wilson said.

Speaking at today’s [Feb 22] press conference, Minister Wilson said, “The budget of one hundred and ninety-nine million, two hundred and forty thousand, one hundred and six dollars [$199,240,106] for the 2023/2024 financial year includes one hundred and fifty-five million, one hundred and fifty-eight thousand, seven hundred and sixty-two dollars [$155,158,762] in funding for King Edward Memorial Hospital and Mid-Atlantic Wellness Institute.

“This represents an overall increase of four million, seven hundred and forty thousand and ninety-five dollars [$4,740,095] or 2% compared with the Ministry’s original budget allocation for 2022/2023.

“The Ministry of Health’s estimated revenue for 2023/2024 is fifty-five thousand dollars [$55,000]. This is a substantial decrease compared with 2022/23, and is due to the elimination of the travel authorisation in November last year.

“The Bermuda Hospitals Board [BHB] will receive one hundred and fifty-five million, one hundred and fifty-nine thousand dollars [$155,159,000], which is an increase of seven million, nine hundred thousand dollars [$7,900,000] for operations in 2023/24 compared with 2022/23.

“As noted by the Premier and Minister of Finance in the Budget Statement, the Government made a funding commitment of three hundred and twenty-two million dollars [$322,000,000] per year to BHB four years ago, and, unfortunately, did not reach this target. This financial commitment will help to ensure the hospital is placed on a more sound financial footing.”

click here Bermuda generic 2023 Budget

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Comments (3)

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  1. 365 says:

    Hmm.. so the PLP was very critical about the OBA not predicting the pandemic and getting insurance leading to us having to make a few payments to the Airport because the minimum numbers were not met. So, what is their excuse?

  2. question says:

    $155M, but no ENT for an entire year. So if we have and ear problem ewe have to go off island. Incompetent.

    And you want to promote “medical tourism”. What a joke.

  3. sandgrownan says:

    We never really found out our true liabilities towards DREB’s vanity project did we?

    That’s before you consider the usual mismanagement and bullying.