Private healthcare facilities need to be regulated-Competition Commission
Following a four-year investigation into the private healthcare sector, a senior panel put together by the Competition Commission has recommended the regulations of doctor's fees.
The inquiry was commissioned to investigate why prices in the sector keep rising, and whether anti-competitive practices were a factor in this.
Director at Norton Rose Fulbright South Africa Inc, Rosalind Lake spoke to Africa Melane about the report.
I think there has been a lot of focus on this report but not focusing on the recommendations that they have made.Rosalind Lake, Director at Norton Rose Fulbright South Africa Inc
This report took four years of intense data from all sorts of various stakeholders and had made some significant findings.Rosalind Lake, Director at Norton Rose Fulbright South Africa Inc
They are quite controversial and the stakeholders will no doubt disagree with many of them.Rosalind Lake, Director at Norton Rose Fulbright South Africa Inc
But essentially the HMI has said that there is a market failure in relation to private healthcare, especially in relation to funders schemes and hospitals.Rosalind Lake, Director at Norton Rose Fulbright South Africa Inc
She adds that some of the recommendations include that going forward, pricing for services provided by doctors and other practitioners, including facilities like hospitals, will need to be regulated.
Listen below to the full interview:
Source : Kayleen Morgan/EWN