ICYMI 2024 medical aid rates surge by over 5% as Council for Medical Scheme (CMS) announces increase. Schemes grapple with COVID-19 fallout during recovery period. MedicalAidRatesRise CMSUpdate
File image: A doctor in a consultation room.The medical schemes are still recovering from the impact of the COVID-19 pandemic.
The Senior Manager of benefit management at CMS, Mondi Govuzela, has expressed concerns over the decrease in medical scheme membership. Govuzela says the consistent rise in private healthcare costs is also negatively affecting the industry.ne of the main drivers for cost increases in medical schemes it is important to know that we have noted over time an increase in the chronic disease prevalence in the population covered by the medical schemes.
“You would have noted as mentioned now that there has been a stagnation in a membership. So what typically happen is that the people who are already in the medical schemes are the old and sick they remain in the medical schemes and young people will typically leave the schemes or will delay joining a medical schemes that then create a problem where medical schemes there is an inadequate in the medical schemes’ pull,” explains Govuzela.
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