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HEALTHCARE NEWS
Vicious cycle makes medical schemes expensive
As the blame game of who is responsible for 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.
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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.
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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.
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Will medical insurance survive?
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.
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Discovery 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.
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Two sides to private hospital care
The focus in the debate on the reasons for 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.
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Medical schemes show jump in operating profit to R1.55bn
MEDICAL schemes collected R129.8 billion in 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.
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Alleged election fraud: Discovery investigated
Discovery Health Medical Scheme (DHMS) is being investigated by the Council for Medical Schemes following allegations that some of the trustees were elected fraudulently.
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Medical 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 sustainable...
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Insurance 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...
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Accredited advisers for the following medical schemes:
Medical Aids
Accredited advisers for the following top up insurers:
gap
Accredited advisers for int'l cover
intl
Accredited advisers for the following low cost  plans:
lowcost