Circular 33 of 2020: Understanding medical scheme reserves
08 May 2020 | COVID-19 (Coronavirus disease) | Healthcare | The Council for Medical Schemes (CMS)
The Council for Medical Schemes (CMS) has noted the recent discourse around granting medical schemes the green light to tap into their reserves to fund coronavirus (COVID-19) claims, allowing their solvency to be below the legislated 25% level. To this extent, the CMS would like to unpack the purpose of reserves, what they are composed of, and CMS’ role in their governing.
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