This report details the quarterly statutory returns results for the period ended 31 March 2018. Budget information for the first quarter of 2018 is also provided for comparative purposes. The report reflects consolidated industry data only, as data on an individual scheme level has not been audited and can therefore not be made available to the public.
The Council for Medical Schemes (CMS) provides no assurance on the reliability of budget figures contained in this report.
It should also be noted that information for Community Medical Aid Scheme (COMMED) has been excluded from any comparison data from 2017.
This circular serve as an invite for comments and input by all interested stakeholders on the Draft Framework for Medical Schemes Consolidation. As indicated in Circular 33 of 2018, in 2017, the CMS appointed an actuarial firm to unsertake an impact analysis on medical schemes consolidatioin with a view of proposing a framework for consolidation in preparation for CMS participation within the identified NHI Ministerial and National Advisory Committees
Do current solvency levels limit a medical scheme’s growth and inhibit expansion into low-income markets? One thing is for certain, there’s been a shift in global opinion about pre-determining the solvency ratios for private medical schemes. South Africa is no different.
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