Regulator urges medical schemes to keep premium increases close to CPI

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Regulator urges medical schemes to keep premium increases close to CPI
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Bigger hikes would risk making membership unaffordable, says the Council for Medical Schemes

SA’s medical schemes regulator has advised the industry to keep 2024 contribution increases as close as possible to the inflation rate, which the Reserve Bank estimates will be 5% in 2024.

It warned that higher-than-inflation increases would add to the financial stress facing households and would risk making membership unaffordable for current beneficiaries.... There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an

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