The medical schemes regulator has given companies selling health insurance products another two-year reprieve, pending the health minister’s final determination on the future of low-cost benefit options (LCBOs).

These are cheap, pared-down medical scheme packages that are intended to be more affordable because they will not have to cover all the conditions set out in the prescribed minimum benefits, a basic basket of care all medical schemes must provide in terms of the Medical Schemes Act...

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