Medical aid cover now costs R2,105 a month on average – and schemes have R100 billion in reserve

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The price of medical aids went up slightly last year, while schemes' reserves climbed more sharply.

South Africans now pay on average R2,104.90 for medical aid cover, the Council for Medical Schemes said on Monday.In total, medical schemes now have more than R100 billion in reserve, the new numbers also showed – a sharper increase than in contributions.go to www.BusinessInsider.co.zaThe average cost of medical aid cover in South Africa, measured on a per-beneficiary basis, hit R2,104 at the end of September, the Council for Medical Schemes said in new data released on Monday.

The monthly contribution number is for 8.9 million beneficiaries of all the schemes in SA, of which some four million are primary members who pay higher rates than the dependents, who make up the rest of the group who are insured for at least fundamental medical needs. Meanwhile, the net relevant healthcare expenditure measured by the CMS jumped 17.6% from the previous year, to R1,760.60 per beneficiary per month, for a total of R141.2 billion.

 

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BISouthAfrica Rip off. And yet they do not practice preventative health care.

On average? We're being robbed mos

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