Why are medical aids so expensive?

Medical aids will soon be increasing their fees for 2017. While the rates are very high many feel its a necessity in order to avoid ending up in state hospitals.

Jill Larkin, Head of GTC Health Care Consulting answered the question 'why are medical aids so expensive'?

Members of the medical aid continue to use the medical aid to such a degree that they have no choice but to up the premiums if we wish to enjoy the level of cover we currently have.

Jill Larkin, Head of GTC Health Care Consulting

Larkin says she thinks there are enough medical aids schemes to create enough competition. She says there are 26 medical aid schemes with about 208 options which members can choose from.

A health care market inquiry run by the Competition Commission shows that there is lack of competition in the industry.

Larkin also said that government is working hard to improve services and match medical schemes but it is moving too slowly.

To hear why medical aids are so expensive, listen below:


This article first appeared on CapeTalk : Why are medical aids so expensive?


Read More
Update: Joburg’s water crises will be resolved by 4pm says City

Update: Joburg’s water crises will be resolved by 4pm says City

Ray White asks City of Joburg Environment and Infrastructure MMC, Nico de Jager when the water will be back on.

[WATCH] Zola Tsotsi drops bombshell about Zuma meeting at State Capture Inquiry

[WATCH] Zola Tsotsi drops bombshell about Zuma meeting at State Capture Inquiry

Former Eskom chair Zola Tsotsi’s jaw-dropping statements include Tony Gupta saying they could hire or fire Eskom board members.

Another Cape fire destroys 100 homes in Masiphumelele informal settlement

Another Cape fire destroys 100 homes in Masiphumelele informal settlement

Theo Layne, Spokesperson for Cape Town Fires they are unable to determine the cause of the fire.

New medical aid registrar vows to integrate private and public health care

New medical aid registrar vows to integrate private and public health care

Dr Humphrey Zokufa appointed Register of the Council for Medical Schemes by Minister of Health says no conflict of interest.

Choosing a Medical Aid plan that best suits your needs

Choosing a Medical Aid plan that best suits your needs

Is it difficult to find a medical aid plan that suits your needs? GTC Healthcare published a survey to give clarity on various plans

Save money by downgrading your medical aid. But first consider this…

Save money by downgrading your medical aid. But first consider this…

Struggling to make ends meet? You may (or may not) be over-insured – here’s what to consider before you downgrade…

Popular articles
So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Shop 'til you drop: The top 'Black Friday' deals this week

Shop 'til you drop: The top 'Black Friday' deals this week

Start your Christmas shopping off with a bang at these major retailers offering some impressive discounted sales for Black Friday.

Pamela Nomvete on her downfalls as actress, and 'climbing back'

Pamela Nomvete on her downfalls as actress, and 'climbing back'

This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.

How Naspers paid peanuts for Tencent (China’s most valuable company)

How Naspers paid peanuts for Tencent (China’s most valuable company)

In 2001 Naspers invested $32 million in (then tiny) Tencent. Learn more about the wildly profitable Chinese behemoth...

Police hunt man who doled out drug-laced sweets to school kids

Police hunt man who doled out drug-laced sweets to school kids

60 children from three schools in south of Johannesburg were rushed to hospital after eating sweets handed out by a stranger.

'The university degree is dead'

'The university degree is dead'

Flux Trends founder Dion Chang gives five reasons why he believes getting a degree is past its sell by date.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?