Medical aid administrators and medical schemes are again calling for a speedier review of legislation that prohibits them from offering cheaper cover in a stagnant health insurance market that has been struggling to attract new members for years.

They say existing legislation requires medical aids to cover the cost of treating a baseline set of conditions and diseases in full, making it impossible for health insurers to provide cover below R1,000 a month. Health insurers say that by being able to offer plans that exclude prescribed minimum benefits (PMBs) they could provide cheaper medical aid options that are more accessible to lower-income consumers...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now