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As 2012 draws to a close South Africa’s medical schemes are publishing their 2013 benefit increases. Your clients should take this opportunity to re-assess their medical aid benefit structures and determine whether their current arrangement meets their age, family composition and health status requirements.
Medical schemes and administrators face fundamental challenges as the South African healthcare industry evolves. Administrators have to deal with increasing margin pressures while individual schemes must address member concerns over affordability.
Private healthcare provision is under the spotlight due to inflation-plus annual increases in medical scheme premiums. And although there are numerous factors contributing to spiralling healthcare costs, both regulators and consumers are turning to medical schemes to manage the situation.
South Africa’s private healthcare sector has come under fire from various quarters due to annual cost increase at rates far in excess of inflation. Medical schemes argue that they have no choice but to pass these costs on to their members… And they claim that regulation is forcing costs even higher. Is this the case?
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?