Medical schemes regulator to explain ‘puzzling move’ on low-cost plans
The medical schemes regulator is expected to brief the industry on Thursday on its shock announcement in 2019 that it intends to scrap low-cost benefit options (LCBOs) and health insurance products.
The Council for Medical Schemes (CMS) has invited health insurers, medical schemes and administrators to an “engagement session” to “unpack and deliberate on” the measures set out in circular 80 and a subsequent research note setting out its rationale in circular 82. Further meetings are planned with industry associations, bargaining council medical schemes and Cape Town stakeholders, said CMS registrar Sipho Kabane...
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