Medical aid costs shrink but Covid-19 costs are still unknown

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Medical aids are saving a lot of money because elective surgeries and visits to doctors and specialists have dramatically declined as a result of the Covid-19 pandemic.

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Medical aids are saving a lot of money because elective surgeries and visits to doctors and specialists have dramatically declined as a result of the Covid-19 coronavirus pandemic.

That could cost the country’s medical aids between R7.3 billion and R31.8 billion, Noach said on Wednesday. The cost associated with putting someone on a ventilator is R169 525 for a Covid-19 patient in ICU, and about R92 000 in a high-care unit. According to Craig Comrie, the CEO of Profmed, savings by medical aids so far this year must be seen in light of the expected rise in the cost of personal protective equipment being used by hospitals, doctors and dentists.

Johann Serfontein of the consultancy Healthman, which advises the SA Private Practitioners’ Forum, said that medical claims data for about 80% of the 3 500 specialists it advises show that ophthalmologists, in particular, had been affected by the lockdown.

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Like all the other major suppliers, vehicle finance, insurance etc.. medical aids should be offering an alleviation during the lockdown

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