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We continue to emerge from the after effects of the COVID-19 pandemic that created one of the most turbulent healthcare environments in our country’s history. While economic activity has opened up, we as consumers are all feeling the pinch as inflation ...

These pressures are also being felt in the healthcare industry, where the deferment of annual increases and rising medicine, treatment and facilities costs are contributing to negative pressure on medical schemes’ solvency levels. The recent curatorship of Health Squared Medical Scheme, the first of its kind in South Africa, represents an important reality check for both medical schemes and consumers in terms of the importance of responsible and consistent governance.

At Momentum Health Solutions, we have seen a marked increase in mental health claims across various treatment pathways. What has become abundantly clear is that a mental health challenge often gives rise to physical health challenges. In line with the above, we have made focused improvements to our Momentum Multiply offering to prioritise a total health approach – incorporating both physical and mental measures, rewarding members for taking ownership of their total health and overall wellness.

This approach extends to contribution increases. In 2021, Momentum Medical Scheme deferred their annual increase from January to September. This year the Scheme is deferring contribution increases once again, with an 8.5% weighted average increase for the year coming into effect on 1 April 2023, equating to an effective annual increase of 6.4%.

Source: Healthcare Press (healthcarepress.net)

 

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