Sizwe Hosmed runs into trouble three years after bullish debut
Regulator and trustees to co-manage after the medical scheme runs into trouble with reserves
31 July 2024 - 14:45
The Council for Medical Schemes (CMS) has placed Sizwe Hosmed Medical Scheme under statutory management, due to the deterioration of its financial reserves and unreliable budgetary and forecasting processes.
This intervention comes three years after approval by the CMS, which positioned the merged scheme as the country’s eighth-largest open medical scheme...
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