Surge in chronic illness fuels medical inflation
Prices top inflation as demand grows and few young people join medical schemes
23 September 2024 - 05:00
A combination of a surge in chronic conditions in SA and young people who neglect to join medical aid is pushing up medical inflation, with the fortunate few South Africans who enjoy the privilege of having medical aid set for hefty increases in premiums next year.
The country’s largest open medical scheme, Discovery Health Medical Scheme, which represents 57.8% of the open medical scheme market, last week told its clients to expect contribution increases ranging from 7.4% to 10.9%, depending on their plan next year...
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