BDLive reports that Discovery Health Medical Scheme (DHMS) is to raise its premiums by a weighted average of 10.2% in January.
Members belonging to different options will face contribution increases ranging between 7.8% and 14.9%, but will not face significant changes to their benefits. DHMS is the biggest medical scheme on the open market and had 2,715,864 members at the end of July. Earlier this year, Discovery Health CEO Jonathan Broomberg warned that medical scheme members were likely to face higher than usual premium increases, as a result of increased claims. He added that the whole industry has experienced a definite increase in utilisation over the past 12 months.
- Read this report by Tamar Kahn in full at BDLive
Get other news reports at the SA Labour News home page
This news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.