In preparation for government’s dream of a NHI scheme, the Council for Medical Schemes is scrapping a decade-long project to make private healthcare available to about 8 million lower-income households
In a surprise move, the Council for Medical Schemes has begun to scrap certain healthcare policies that insurance companies offer in preparation for government’s dream of a National Health Insurance scheme.
The first is all varieties of hospital cash policies that are sold by institutions such as Hollard and Clientèle. These products must be abolished by March 2021 – years before government’s ambitious deadline for the NHI to start delivering services to the most vulnerable in 2026. The medical industry, however, was caught by surprise by the CMS’ announcement that it would begin laying the groundwork for the NHI.
The risk pool gets smaller on an annual basis, which means that premiums shoot up and young, healthy workers are deterred from joining.
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