Medical scheme increases for 2027 range from 7.35% to 8.9%, as rising healthcare utilisation, ageing membership and expensive new treatments continue to push costs above inflation. Industry representatives say schemes must raise contributions to cover growing claims expenditure. According to the Council for Medical Schemes (CMS), healthcare costs can absorb up to R96 of every R100 contributed. Why Medical Scheme…
Tag: HFA
-
Mandatory Medical Scheme Membership Could Lower Costs
Making mandatory medical scheme membership a requirement for everyone earning above the tax threshold could cut cover costs by up to 30%. This is according to research commissioned by the Health Funders Association (HFA). The findings appear in a report released yesterday. The HFA, which represents medical schemes and administrators covering roughly half the market, modelled two linked reforms: compulsory…
-
HFA Proposes NHI+ to Transform South Africa’s Healthcare
The battle over South Africa’s National Health Insurance (NHI) has escalated. The Health Funders Association (HFA) has tabled a compelling alternative model. The HFA unveiled this “NHI+” proposal amidst legal challenges against the controversial NHI Act.. It claims to offer a “faster, more affordable and lower-risk route to achieving universal health coverage.” Therefore, the HFA proposes enhancing NHI with their…