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Two of South Africa’s most prominent medical schemes, Bonitas Medical Fund (‘Bonitas’) and Liberty Medical Scheme (‘LMS’), are in discussions to amalgamate to create an even stronger and more sustainable medical scheme that will provide enhanced cover and benefits to their respective members. If successful, the amalgamation will further entrench Bonitas’ role as a leader in the healthcare market.
All medical schemes have to pay PMB benefits in full in the private sector, according to a judgement of the Supreme Court of Appeal. Does this override your scheme’s benefit schedule?
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.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?