How medical aids are hiking prices in 2021, despite an ‘increase in reserve levels’

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Some schemes are hoping for hikes of up to 8%, despite healthy reserves due to Covid-19

Discovery Health’s announcement that it will delay its customary January contributions’ increases until mid-2021 means the hike for the year will be in the region of 3%, but some of its competitors are proposing far higher increases.

The Council for Medical Schemes has advised providers that their 2021 increases must be in line with CPI; that is, no more than 3,9%...A subscription gives you full digital access to all Sunday Times content.Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.

 

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