South Africa’s two major union federations, Cosatu and Fedusa, have escalated their warning that the country’s healthcare funding model is pricing workers out of cover. They argue that the current approach is “unsustainable, too expensive and failing workers”. Health Minister Aaron Motsoaledi has acknowledged the scale of the problem. He agrees that the model is inappropriate and that medical aid…
Tag: Fedusa
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GEMS Medical Aid Increases: Scheme Battles Record Claims
The Government Employees Medical Scheme (GEMS) is facing a significant financial crossroads. It has recently paid out in a single year what some of South Africa’s largest private insurers distributed over a quarter of a century. This unprecedented surge in claims has triggered mandatory increases to GEMS Medical Aid for members, effective from 1 April. Rising Costs Amid Financial Pressure…