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The medical schemes regulator has assured the industry it is intent on finalising a framework for cheap primary healthcare products and opening the market to new entrants, despite granting yet another grace period to rival health insurers.

At issue is the creation of a long-delayed regulatory framework for low-cost benefit options, pared-down medical scheme packages that would be exempt from provisions in the Medical Schemes Act that require cover for a much broader basket of care, known as prescribed minimum benefits...

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