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:

Read More
Bell Pottinger and employees resort to protecting their twitter accounts

Bell Pottinger and employees resort to protecting their twitter accounts

Stephen Grootes spoke to media specialist Tebogo Ditshego about how this PR disaster has impacted the company.

Joseph Kabila's state visit to SA met by protests outside Union Buildings

Joseph Kabila's state visit to SA met by protests outside Union Buildings

Presidents Jacob Zuma and Joseph Kabila met for the 10th bi-national commission between the two countries.

Claims that Russian government attempted to hack British parliament

Claims that Russian government attempted to hack British parliament

Nearly 90 email accounts belonging to parliamentarians are believed to have been hacked.

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
Students not coping with current curriculum, innovation is needed

Students not coping with current curriculum, innovation is needed

Curriculum expert, Bronwen Willson-Thompson, says the majority of students are not coping with the existing curriculum.

Exciting times for cricket fans with the announcement of the T20 Global League

Exciting times for cricket fans with the announcement of the T20 Global League

Cricket South Africa (CSA) launched its new T20 Global League on Monday in London.

Popping the big question soon? Here's how you can plan your perfect proposal

Popping the big question soon? Here's how you can plan your perfect proposal

Pippa Lund and her team are here to ensure your planned marriage proposal is nothing short of amazing.

Are you having panic attacks? Here's what you need to know

Are you having panic attacks? Here's what you need to know

Behavioural psychologist Dr Helgo Schomer explains the symptoms, treatments and tips for people who suffer panic attacks.

Insurance companies could hit you hard for an accident you didn't cause

Insurance companies could hit you hard for an accident you didn't cause

Legal advisor at RBS explains insurance companies 80/20 rule that holds motorists equally liable for accidents caused.

Don't be rude: 5 ways to practice cell phone etiquette

Don't be rude: 5 ways to practice cell phone etiquette

It's important to confront friends and family if they seem distracted by their phones, says Afro Protocol founder Courtenay Carey.

Home Affairs to follow up on special dispensation permit for Zimbabweans in SA

Home Affairs to follow up on special dispensation permit for Zimbabweans in SA

Home Affairs Minister Hlengiwe Mkhize says her department will respond to all Zimbabweans under special dispensation.

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...