Discovery Health has reported a profit for the recent financial year. This positive result comes despite a slight dip in medical scheme members. The company shows strong financial performance overall. Its strategies are successfully adapting to market changes. This ensures continued profitability and stability. The financial outcome highlights a robust business model. Analysing Membership Trends The Discovery Health Medical Scheme…
Tag: wellness programmes
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Younger South Africans turning to medical insurance
Medical schemes in South Africa operate on a community-rated system, offering open enrollment where members pay the same contributions regardless of their health status or age. According to the Council for Medical Schemes (CMS) 2023/24 annual report, about nine million people belong to 71 registered medical schemes. However, younger South Africans are increasingly turning to medical insurance, which offers lower…