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

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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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