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With the threat of recession looming, consumers are bearing the brunt of increasing prices and a weaker rand, leaving them unable to afford basic necessities. In the medical aid sector, such economic pressures often prompt a move to a cheaper option with less coverage.
In the 2016 Budget Speech, Finance Minister Pravin Gordhan announced that South African consumers will be levied with sugar tax from 1 April 2017 in an effort to curb growing obesity rates among citizens. Countries such as France, Mexico and several states in the United States have already introduced sugar tax and it is hoped to have a big impact on how South Africans consume sugar.
The South African healthcare industry has been experiencing rapid and varied changes over the last decade or so and the last year in particular has seen a number of issues coming to a head. Healthcare is a major priority for the public in general, and yet information around developments is not always clear to the layperson. Education therefore continues to be a crucial factor.
Stop, and consider this Peter!
The strongest deterrent against FSP compliance missteps is or should be: