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Medaids are hiking prices in 2021, despite an ‘increase in ...


Medaids are hiking prices in 2021, despite an ‘increase in reserve levels’

Some schemes are hoping for hikes of up to 8%, despite healthy reserves due to Covid-19

Consumer journalist

Discovery Health’s announcement that it will delay its customary January contributions’ increases until mid-2021 means the hike for the year will be in the region of 3%, but some of its competitors are proposing far higher increases.

The Council for Medical Schemes (CMS) has advised providers that their 2021 increases must be in line with CPI; that is, no more than 3,9%.

By increasing its members’ contributions by 5.9% from July 1 — Discovery has undertaken not to impose an increase higher than that — the increase will average at about 3% for the year...

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