National’s Health Bonding Policy

has released a policy to incentivise doctors, nurses and midwives to stay in New Zealand, and even No Right Turn likes it.

details are:

  • Voluntary bonding with student loan debt writeoffs
  • Will apply to those willing to work for three to five years in hard to staff communities or specialities
  • A maximum annual write off of $10,000 per annum
  • $30,000 written off (if at maximum rates) after year three and then $10,000 a year for the next two years if they stay on.
  • Will apply to anyone who graduated from 2005 onwards
  • Will be extended to other professionals over time
  • Cost is initially $3 million in year one expanding to $9 million in year three which covers 100 doctors and 250 nurses and midwives.

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