Globally, healthcare is consuming more of our take-home pay: Discovery Health CEO Dr Ryan Noach.
FIFI PETERS: If you have medical insurance with Discovery, you may want to turn up the volume for this next story, as it affects you. The country’s biggest medical scheme administrator today announced its new tariffs that will affect your monthly contributions. On average, contributions that you pay to be a Discovery Health Medical Scheme member will cost you around 7.5% more from January next year.
So, as you correctly say, Fifi, [it is] 7.5%, which is effectively 1.5% against the rolling 12-month inflation figure based on economists’ consensus at the moment – a good increase, and well within that band of certainty that we provide relative to consumer price inflation. That portion is a very important addition to the consumer price inflation that the regulator is identifying. In paragraph 4.2 of the notice it specifically refers to these utilisation factors.
Now in the US we see various initiatives like ‘Obamacare’ [the Affordable Care Act] and others trying to mitigate this burgeoning expense, notwithstanding US healthcare now representing $1 out of every $5 in the economy.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Petrol gone as JLR makes surprise Discovery Sport range changeRange reduction more than likely as a result of the next generation due to be revealed in 2025.
Read more »
Discovery Bank taking on Absa, FNB, Standard Bank and Nedbank with ‘discounted’ home loansDiscovery Bank has announced that it will be launching a home loan product in 2024 – with a pilot launching internally next month.
Read more »
Checkers Sixty60 gets Discovery Vitality food rewardsDiscovery’s partnership with Checkers and Sixty60 will let Vitality subscribers earn cash back on healthy food purchases made in-store and online.
Read more »
Discovery adds Checkers to healthy food and Vitality rewardsDiscovery Vitality can now earn points by shopping at Checkers or using Checkers Sixty60 for the Vitality HealthyFood benefit.
Read more »
Discovery announces price hikes for 2024 – here’s how much more you’ll be payingDiscovery has upped its medical aid fees for 2024.
Read more »
Discovery Sport: Electrified efficiency for everyday adventuresThe all-new Discovery Sport uses a compelling blend of state-of-the-art electrified powertrains, and combines efficiency with capability.
Read more »