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Discovery medical aid pricing update for South Africa

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Discovery Health Medical Scheme, the country’s largest private medical aid scheme, has announced that it will defer its 2022 price increases until even later this year.

In a notice sent to clients this week, the group said it will now increase prices from October 2022, after originally planning to hike them in May 2022.

“Subsequent to the announcement, the claims and investment experience of Discovery Health Medical Scheme was better than anticipated. This allows the Scheme to defer the 2022 contribution increase by another five months to 1 October 2022.” To ensure that future contributions are sufficient to match future healthcare claims, contributions for all medical schemes must increase in line with medical inflation.

“Discovery Health Medical Scheme members will therefore experience an effective increase of under 2% in 2022 when compared to their December 2021 rates,” it said.

 

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