Medical schemes industry reports healthy surplus for 2021
Many tell of increase in claims from historic lows of 2020, but were able to defer annual contribution increases
11 October 2022 - 19:17
The medical schemes industry reported a R820.5m surplus in 2021, as members postponed treatment when coronavirus infections surged but did not put off treatment to the same extent as the year before, according to the latest Council for Medical Schemes (CMS) annual report.
While many schemes reported a rise in claims expenditure in 2021 compared with 2020’s historic lows they were again able to defer annual contribution increases or announce unusually modest, subinflation rate increases thanks to the cash pile of almost R2bn they amassed in 2020...
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