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
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...