Thebemed medical scheme placed under curatorship
Concerns over the scheme’s financial viability, its appalling solvency ratio and, thus, its ability to cover claims, all informed the decision
27 August 2019 - 17:45
A small medical scheme called Thebemed has been placed under provisional curatorship by the Gauteng Division in Pretoria over concerns about its financial viability, following an application by the medical schemes regulator.
Its solvency ratio — a key measure of its financial health — had plummeted to an all-time low of 4.2% by the end of March, a far cry from the 25% required by the Medical Schemes Act, according to court papers...
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