Why are medical aids so expensive?

Medical aids will soon be increasing their fees for 2017. While the rates are very high many feel its a necessity in order to avoid ending up in state hospitals.

Jill Larkin, Head of GTC Health Care Consulting answered the question 'why are medical aids so expensive'?

Members of the medical aid continue to use the medical aid to such a degree that they have no choice but to up the premiums if we wish to enjoy the level of cover we currently have.

Jill Larkin, Head of GTC Health Care Consulting

Larkin says she thinks there are enough medical aids schemes to create enough competition. She says there are 26 medical aid schemes with about 208 options which members can choose from.

A health care market inquiry run by the Competition Commission shows that there is lack of competition in the industry.

Larkin also said that government is working hard to improve services and match medical schemes but it is moving too slowly.

To hear why medical aids are so expensive, listen below:


Recommended

by NEWSROOM AI
Read More
Wits Nehawu members down tools over salaries

Wits Nehawu members down tools over salaries

Nehawu Wits acting secretary Tumisho Madihlaba says negotiations with management deadlocked resulting in a strike.

Former Eskom interim CEO Sean Maritz under fire for signing off R400 mil payment

Former Eskom interim CEO Sean Maritz under fire for signing off R400 mil payment

‘Documents show that the fee contract was entered into by Anoj Singh & signed off by the acting CEO Sean Maritz' - Chris Yelland

May the Fourth be with you, a celebration of Star Wars Day

May the Fourth be with you, a celebration of Star Wars Day

May 4 marks "May the Fourth be with you," Day celebrated by fans George Lucas' fans of his Star Wars global movie franchise.

New medical aid registrar vows to integrate private and public health care

New medical aid registrar vows to integrate private and public health care

Dr Humphrey Zokufa appointed Register of the Council for Medical Schemes by Minister of Health says no conflict of interest.

Choosing a Medical Aid plan that best suits your needs

Choosing a Medical Aid plan that best suits your needs

Is it difficult to find a medical aid plan that suits your needs? GTC Healthcare published a survey to give clarity on various plans

Save money by downgrading your medical aid. But first consider this…

Save money by downgrading your medical aid. But first consider this…

Struggling to make ends meet? You may (or may not) be over-insured – here’s what to consider before you downgrade…

Popular articles
Medical Aid Schemes Council responds to Discovery Health's 2019 changes

Medical Aid Schemes Council responds to Discovery Health's 2019 changes

The council says any changes made to the scheme should be communicated at least 30 days prior to implementation.

[WATCH] Horrific moment as baby falls down escalator at a mall...but is saved

[WATCH] Horrific moment as baby falls down escalator at a mall...but is saved

Khabazela shares tweets and Facebook posts that have gone viral.

Zimbabweans hope Mnangagwa's return from Russia will calm the troubled country

Zimbabweans hope Mnangagwa's return from Russia will calm the troubled country

President Emmerson Mnangagwa is expected to arrive in Zimbabwe on Monday at 9 PM after a week in Russia, says Zim journo.

No co-payments needed for procedures pre-booked in December - Discovery Health

No co-payments needed for procedures pre-booked in December - Discovery Health

A Discovery Health client was shocked when he was told he was liable for R5000 co-payment for a procedure. Discovery explains why.

City to help talented Cape sand sculptor get permit to continue beach artwork

City to help talented Cape sand sculptor get permit to continue beach artwork

Innocent Zungu is a young talented man who has been delighting beachgoers with his wonderful sand sculptures in Cape Town.