Medaid madness: This is how they splash your cash
I slogged through the Council for Medical Schemes’ annual report, and what I found was shocking
Of all SA’s medical schemes, Discovery Health splashed out the most on its annual general meeting (AGM) last year: R1.34m.
GEMS (The Government Employees Medical Scheme) was also among the country’s top 10 AGM splurgers last year with a spend of R695,000 – though it also made the list of schemes that fell short of the statutory minimum solvency level of 25%.
Other medical schemes that went big on their AGM include Bonitas: R332,000 and POLMED (SA Police Service Medical Scheme: R176,000...