Fewer People Will Be Able to Afford Medical Aid

November 1, 2018

No-one can possibly know what medical emergencies lie ahead for them in 2019. In spite of this, most South Africans don’t have sufficient medical cover. Fewer people afford medical aid. And many others don’t have any kind of medical cover such as a hospital plan. They don’t know what their lot will be should an emergency arise.

Even if you can afford medical aid now, all South Africans will have National Health Insurance (NHI) by 2025.

AfroCentric Investment Corporation is a company invested in healthcare. They provide health administration and health risk management solutions to the healthcare funding industry. The Chief executive at AfroCentric us  A. van Buuren. He says that the biggest stumbling block in healthcare is the current un-affordability of a medical scheme health plan.

Fewer people afford medical aid

A study by the World Health Organization has revealed that South Africans pay more for private health Fewer People Afford Medical Aid in South Africacare than those from European countries.

With the country in a recession, fewer and fewer South Africans have medical aid. And those who once had a medical aid plan have given up on them. They’re just too costly.

Health minister, Aaron Motsoaledi is forever saying that the private sector is only providing care to 16% of the population. That is while the public sector has to cater for all the others.

Van Buuren believes tje scheme will provide medical schemes with the chance to partner with the government. He added that he felt that the NHI was an opportunity for their business, saying that they were already adding value to national health through Pharmacy Direct, a courier division.

A Value Chain of Healthcare Services Expected?

Pharmacy Direct won a contract from the Department of Health to deliver medicine to patients in various parts of South Africa.

AfroCentric focuses on opportunities which will create a platform to establish a value chain of healthcare services. These have been devised to improve the effectiveness of patient care within the healthcare delivery system.

A number of proposals are already in place, with discussions on these initiatives in progress for the public and private healthcare sectors.  A number of projects have already been concluded such as the consolidation of thousands of Community Medical Scheme members into Bonitas Medical Scheme among others.

The government has progressed ahead with the implementation of the NHI and AfroCentric supports the proposed introduction. With the NHI, there will supposedly be quality healthcare for those who can’t afford medical cover.

For Now – Compare Medical Aids

As we prepare to go into 2019, fewer people will afford medical aid and the only way you can reduce your own medical aid costs is to look around and compare.

The South African medical aid industry today is riddled with mistrust, and change is way overdue. but is the NHI the change that is so desperately needed? The NHI is on its way but still there appears to be no clear solution for health care in the future. Medical aids may still exist but they will be for those medical needs not provided for by the NHI.

Get your comparative medical aid quote here

All info was correct at time of publishing