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Mediclinic News : CMS: WHY WE ARE STOPPING LOW-COST BENEFIT OPTIONS

Title

CMS: WHY WE ARE STOPPING LOW-COST BENEFIT OPTIONS

Date

2020-02-27

Link

https://medbriefafrica.co.za/cms-why-we-are-stopping-low-cost-benefit-options/

News Description

MED BRIEF AFRICA FIN24 The enrolment of membership to schemes has been stagnant, and the proportion of the population that enjoys medical scheme cover has decreased during past decade. So why is the regulator discontinuing the Low-Cost Benefit Option (LCBO) intended to increase the affordability of medical schemes? Having seen a modest growth of 6.7% – from 8.32 million to 8.8 million – between 2010 and 2017, with the proportion of the population that enjoys medical scheme cover having decreased from 16% to 15.9% over the same period, it has now become clear that we need change.
Created at 2020/02/03 08:05 AM by Mediclinic
Last modified at 2020/02/03 08:05 AM by Mediclinic