Adriaan Kruger
3 minute read
9 Oct 2020
8:53 am

Small hikes for medical schemes

Adriaan Kruger

Annual increases range from less than 3% to 8.6%.

The ‘obesity penalty’ may also constitute risk-selection, which is prohibited by the Medical Schemes Act. Picture: Shutterstock

Most medical aid schemes have announced how much members will pay for their medical cover in 2021, giving them the usual few months’ warning of increases in one of the biggest expenses families face every month. Most medical aids have limited their increases for the coming year to around official consumer price inflation, even though the cost of medical care goes up much faster than general retail prices. While officials at the Council of Medical Schemes (CMS) might feel pleased that the industry it regulates has responded to its pleas to limit increases in member contributions to the general inflation...