After a week of its share price taking a beating, Discovery said on Friday that the National Health Insurance Bill's plan to curtail the role of medical aid schemes would undermine the NHI's objectives. 

In an announcement on the JSE's news service, Discovery said: "Our view is that substantially limiting the role of medical schemes would be counterproductive to the NHI because there are simply insufficient resources to meet the needs of all South Africans."

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now