Discovery Health Medical Scheme has announced the annual increases in member contributions for 2024, with a weighted average increase in gross contributions coming out to 7.5%.“While the long-term sustainability of DHMS is paramount, we remain extremely sensitive to the economic environment and affordability pressures that Scheme members are currently facing,” Dr Ryan Noach, CEO of Discovery Health.
Thus, the average increase falls below the CMS’s recommendations. However, this does not apply to all schemes – with some seeing increases reaching 12.9%Healthcare claims increase with medical inflation yearly, which is affected by healthcare tariffs and changes in healthcare consumption. “Challenging economic climates are typically represented by higher interest rates and lower disposable income for households,” Noach said.
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