CONTRACTS for relatives, generous retainers and accommodation in plush hotels are just some of the perks unethical trustees of medical schemes have deemed fit to award themselves with over the past decade, eating into the funds available to cover members’ medical bills.The latest scheme to join the inglorious list is Medshield, which was placed under provisional curatorship last week.It follows Sizwe, placed under curatorship last month, and Bonitas, Gen Health, KwaZulu-Natal, Medicover 2000, Pro Sano, Protea, Renaissance, and Telemed.The fact that serious governance failings come to light year after year indicates there are systemic weaknesses that can only be addressed by amending the Medical Schemes Act, says Alex van den Heever, who holds the Old Mutual chair of social security at Wits. All the schemes placed under curatorship are open to anyone able to pay the monthly premiums.Closed medical schemes that are restricted to specific professional groups tend to have very tight ove...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.