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A couple of years ago the Council for Medical Schemes (CMS) tackled one of South Africa’s leading diversified financial services groups in an attempt to dissuade it from offering so-called “top up” or “gap” insurance products. In its simplest form “gap” c
The long awaited Draft Regulations on the Demarcation between Health Insurance Policies and Medical Schemes have been released. These have been eagerly awaited by the Industry, and once finalised will give much clarity as to which products and services ma
The recent Budget Speech and State of the Nation address were clear indicators that Government is continuing to increase its focus on healthcare with a R12, 3 billion allocations to healthcare spending over the next three years. However, while this should
The Minister of Finance, Pravin Gordhan, has today gazetted the draft Demarcation Regulations (“Regulations”) which seek to find a better balance between medical schemes and health insurance products for public comment. The Regulations also seek to addres
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?