|Vicious cycle makes medical
As the blame game of who is
the high cost of private health care in South Africa continues, a Fin24
user, who works in the industry, adds his insights to the debate.
Highlights from Council for
Medical Schemes’s 2013/14 report
Medical schemes had a good
financial year in
2013, which is good news for you, as a member, because the surpluses
that schemes generate may be used only to provide you with benefits or
to boost your scheme’s reserves.
Med scheme members
shouldn’t meekly accept trustee fees
As a member of a medical scheme,
you need to pay attention to what your trustees are paying themselves.
The more your scheme spends on the remuneration of trustees –
and other non-healthcare expenses, such as administration –
the less it has to spend on your health benefits.
Over the past few years, as medical schemes have increasingly limited
their benefits in an ongoing struggle to contain the cost of private
health care and to keep your contributions affordable, insurers have
moved to close the gaps with policies that offer additional cover.
builds most expensive offices in SA
Medical aid group Discovery's new office, next to Sandton City, is
being built at an estimated development cost of R2.6bn, which is
believed to set a new record for office developments in SA.
|Two sides to private hospital care
The focus in the debate on the
the high cost of private hospital care has shifted to the conditions
and behaviour of staff at these hospitals.
Fin24 users have provided
different views on their experiences of private hospital care.
show jump in operating profit to R1.55bn
MEDICAL schemes collected R129.8
contributions, paid out R112.9bn in health-care claims and ended the
year on a high note with an overall operating surplus of R1.55bn.
election fraud: Discovery
Discovery Health Medical Scheme
(DHMS) is being investigated by the Council for Medical Schemes
following allegations that some of the trustees were elected
schemes need more members
The growth in membership of medical schemes has stagnated, and because
the industry needs continually to recruit younger members to remain
schemes hurt medical aids
Medical aid cover could become far more expensive, Wits Professor and
Health Economist Alex van den Heever warned at the Board of Healthcare
Funders' conference in Durban...