Discovery Health has announced its finalised contribution increases for the Discovery Health Medical Scheme for 2022.
Success in incentivising members to be healthier allowed Discovery to offset projected medical inflation with a 1% reduction in expected future claims. Image: Moneyweb
It sent communication to members last week, informing them that details on contribution changes would be made available soon. Projected medical inflation for 2022 totalled 8.9%. This was then offset by a 1% reduction in expected future claims in “benefits derived from risk management and Vitality”.This year was the third time DHMS had delayed its contribution increases since the onset of the Covid-19 pandemic. In 2021, it deferred increases to July and originally deferred planned contribution increases for 2022 to May, which then became October.
“DHMS capital reserves have increased to an unaudited solvency level of 38%, pursuant to the reduction in non-Covid-19 healthcare utilisation, assuring members of robust financial strength.” It noted in February at the release of its interim results that healthcare utilisation was increasing following a drop in the latter half of 2021. It said high levels of utilisation seen towards the end of last year was indicative of what to expect this year. Some of this anticipated demand did not materialise.It further highlighted in February that population health had worsened and the overall disease burden had increased since the beginning of the pandemic.
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