Subsidised vaccine rollout to cost medical schemes as much as R7bn
Each member would pay for a non-member’s vaccination, says Discovery Health CEO Ryan Noach
07 January 2021 - 10:20
Discovery Health anticipates that it will cost an upper limit of R7bn for medical schemes to fund Covid-19 vaccines for 7.1-million of their own members as well as to subsidise an equal number of non-members in the public sector.
Discovery Health CEO Ryan Noach said in an interview with Business Day on Wednesday that the funding model under consideration would entail medical scheme members paying double the price for the vaccine with the scheme donating 50% of the cost to a funding vehicle, such as the Solidarity Fund. Medical scheme members would receive the vaccine as a prescribed minimum benefit...
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