The “startling costs” of South African private healthcare is at the heart of the Competition Commission’s Health Market Inquiry (HMI) draft report released in July. While cost is a key theme, the report also describes a sector lacking the vital force of authentic, robust competition.
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The Private healthcare industry needs to change
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‘Private healthcare not affordable, even for people who are supposedly rich’
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The findings of the Competition Commission’s Health Market Inquiry released today reveal what Health Minister Aaron Motsoaledi says he already knew – that private healthcare has become so exorbitantly expensive, even those on medical aid can’t afford it. Moreover, the commission found – during its more than four-year-long investigation – that the market was characterised..
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Medical Schemes amendments could threaten schemes’ sustainability
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While the proposed amendments to the Medical Schemes Act seek to lower the cost of private healthcare, they may have the unintended consequence of threatening the sustainability of medical schemes.
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New Act could redress medical scheme sustainability issues
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Health Minister Aaron Motsoaledi has hinted at a number of reforms that directly address challenges of sustainability that the medical schemes industry is currently facing.
“We know that rising costs in healthcare are outstripping inflation, and legislated steps to address this………
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