Consumers disadvantaged in private healthcare - Competition Comm
The Competition Commission is releasing its findings into private healthcare costs and the operations of medical aid societies across the country.
The findings of the healthcare market inquiry examine the differences between public and private healthcare and the system of medical aids and their administration.
This is a little bit of a problem at the moment because, how do medical aids work together?
Speaking to Ray White on The Midday Report Competition Commission Health Costs Inquiry Director Clint Oellermann says the panel conducting the health market inquiry released their provisional findings report which has been four years in the making.
But essentially what they identified - a number of failures on both the structural level of the market as well as conduct within the market.Clint Oellermann, Competition Commission Health Costs Inquiry Director
He adds that the panel didn't find collusion as such.
What they found is that the medical schemes are structured as such that they operate fairly comfortably in the market. When we compared 270 different plans across different medical schemes it was very difficult to compare like for like.Clint Oellermann, Competition Commission Health Costs Inquiry Director
The consumers are at a big disadvantage in terms of identifying plans which are suitable for them and suitable for their pockets.Clint Oellermann, Competition Commission Health Costs Inquiry Director
It also makes it very difficult to see which price plan is better because they are structured so differently.Clint Oellermann, Competition Commission Health Costs Inquiry Director
Listen to the full interview below...
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