EDITORIAL: Latest move by medical schemes regulator will only hurt consumers
Move by the Council for Medical Schemes will strip private health-care cover from hundreds of thousands of people
Has the medical schemes regulator gone rogue? If not, how else does one explain the cavalier move by the Council for Medical Schemes (CMS) to strip private health-care cover from hundreds of thousands of people without any guarantee of a safety net?
On December 4 CMS registrar Sipho Kabane issued a circular that stunned the medical scheme and health insurance industry. In one fell swoop he rang the death knell for health insurance products that provide primary health-care cover; scrapped the development of low-cost benefit options, which could potentially bring lower-wage earners into the stagnant medical schemes market; and signed a death warrant for the bargaining council medical schemes that offer more affordable pared-down cover to blue-collar workers...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.