2011 medical aid tariff increases – What consumers should watch out for

October 26, 2011

by Alexander Forbes via ITINews

A solution to the annual confusion that typifies South Africa’s medical tariff increases would be for the regulator to standardise the variables offered by all medical aids so that direct comparisons could be drawn by the consumer.

For the meantime, while “understanding the implications of each year’s increases remains a complex game permitting few accurate generalisations, it does provide consumers an opportunity to interrogate their own schemes” says Butsi Tladi, Head: Health Inland region, Alexander Forbes Health.

What is clear from the host of different data, contribution increases, cover limitations, content changes, and qualifying criteria alterations is that, overall, there is a need for price correction for top-end and entry-level options which have generally been running operating losses.
Open Medical Schemes

Headline Increase

Bestmed
9.80%

Bonitas
8.40%

Compcare
7.90%

Discovery Health
8.90%

Fedhealth
7.10%

Genesis
7.20%

Hosmed
9.6%

Keyhealth
12.30%

Liberty
9.90%

Makoti
7.60%

Medihelp
8.90%

Medshield
11.5%

Momentum
8.80%

Pharos
11.3%

Prosano
11.67%

Topmed
9.96%

Average
9.4%

Read the ~ufull article#www.itinews.co.za/companyview.aspx?cocategoryid=65&companyid=22794&itemid=CA779FC2-7F6A-4888-B1CF-C974C798ED97~

Company: Alexander Forbes Health
Author: Stuart Meyer
Email: editor@itinews.co.za
Posted: 25 Oct 2011

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