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Fin24 reports that the GTC 2018 Medical Aid Survey indicates that medical aid increases have been outpacing salary raises.
"The effect of these increases will continue to place pressure on members to downgrade plans or cancel their medical aid cover altogether, in search of an alternate medical insurance to cater for their most pressing needs," warned GTC Healthcare broker Jill Larkan. She also indicated that the National Health Insurance (NHI) and amendments to the Medical Schemes Bill were "inevitable". In SA there are 8 million medical aid members, while 45 million people not covered by any form of private health insurance. "Government intervention is urgently required. It is, however, equally important to not break that which is already working,” Larkan warned. Health Minister Dr Aaron Motsoaledi has slammed medical aids for keeping higher than required reserves, and using brokers to sell medical aid plans. He plans to scrap co-payments for medical aid members. GTC surveyed 22 medical schemes.
- Read this report by Tehillah Niselow in full at Fin24
- Read too, These are the 16 best medical aid schemes for families in South Africa, at BusinessTech
Get other news reports at the SA Labour News home page