Free Covid-19 vaccine for all medical aid members – Discovery CEO
Most recently from The Money Show: (WATCH) Nando’s ends sh_tty year on spicy note with 'Karens by Candlelight'
Medical schemes and the government have come up with a plan that will cover the vaccination against Covid-19 of 40% of people in South Africa.
The schemes will pay a price higher than cost, using the surplus to fund vaccines for people who are uninsured.
How they plan to reach 40%:
-
10% of the population covered by Covax
-
15% of the population are medical aid members, and therefore covered
-
15% of the population covered by the surplus generated by medical aid members’ vaccinations

Related articles:
-
47% of South Africans aren't keen to get the Covid-19 vaccine jab - Ipsos survey
-
Many developing countries have their vaccines already – health workers union
-
'Government has known for months there was going to be a bunfight for vaccines'
Medical aid schemes must cover the cost of providing Covid-19 vaccines to its members as doing so is deemed a Prescribed Minimum Benefit (PMB).
In other words, its “free” to the member; there is no need to tap medical savings.
Ray White (in for Bruce Whitfield on The Money Show) interviewed Dr Ryan Noach, Chief Executive at Discovery Health.
We’re delighted to support the government in an act of solidarity to try and reach that 67% target [about 40 million people vaccinated] … The first 10% of South Africans will be covered by Covax…
Dr Ryan Noach, CEO - Discovery Health
About 15% of South Africans are medical scheme members. Schemes will fund from their risk funds the vaccination of members… paying a higher-than-cost price for the vaccine… the surplus will fund non-insured members of the public… All this will lead to 40% of South African being covered…
Dr Ryan Noach, CEO - Discovery Health
The vaccine is now a Prescribed Minimum Benefit… it’s mandatory for medical schemes to pay for it…
Dr Ryan Noach, CEO - Discovery Health
It’s been extremely disturbing to see healthy people… severely inflicted by this disease we knew nothing about a year ago… It’s heart-breaking… Hospitals are under enormous pressure and healthcare workers – they are the real heroes – are working long hours, placing themselves at risk – they’re stretched beyond ability at the moment…
Dr Ryan Noach, CEO - Discovery Health
Non-Covid healthcare claims materially reduced… The net impact was that we ended up with a larger surplus… enabling us to freeze premiums up to July…
Dr Ryan Noach, CEO - Discovery Health
It’s critically important that the first people to be vaccinated must be high-risk… It would be inappropriate for a young, healthy person to be vaccinated before an elderly, at-risk person…
Dr Ryan Noach, CEO - Discovery Health
Manufacturers prefer to negotiate through governments… they need a single point of contact…
Dr Ryan Noach, CEO - Discovery Health
Both the private and public sectors in South Africa are good at vaccine distribution. It’s a strength of our healthcare system…
Dr Ryan Noach, CEO - Discovery Health
Listen to the interview in the audio below.

Source : https://www.123rf.com/photo_53976118_little-happy-girl-get-an-injection-vaccination.html?term=vaccine%2Bsmile&vti=mpp4sbopzossai9spw-1-1
More from MyMoney Online

Give your child the best education you can afford – here’s how to invest
Personal finance advisor Warren Ingram on how to save and invest for your child’s future education.
Read More
How to think like a billionaire - it's how you too can be wealthy
Bruce Whitfield interviews Daniel Strauss, author of The Billionaire Mindset: Secrets of a Successful South African Entrepreneur.
Read More
Absa closes its money market unit trust for good – here’s what that means
The Money Show’s Bruce Whitfield asks Denker Portfolio Manager Kokkie Kooyman what it means for the industry.
Read More
'Affordable' classic car market (e.g. VW Beetle) is booming in South Africa
"Affordable classics have grown for the last seven years – even last year," says John Tallodi of Classic Car Passion South Africa.
Read More
4.8 million South Africans have unclaimed benefits worth R42 billion - Liberty
"The money is safe and waiting for you to come forward," says Kabelo van der Merwe of Unclaimed Benefits at Liberty.
Read More
Want to be poor? Take financial advice from TikTok (satisfaction guaranteed!)
The Money Show’s Bruce Whitfield interviews Nomi Bodlani, Head of Strategic Markets at Allan Gray.
Read More
The JSE is near record highs – while the economy crashes and burns
The JSE is near record levels; what are investors smoking? Personal finance advisor Warren Ingram explains the disconnect.
Read More
Sun International declares huge drop in income, loss of R1.1 billion
The Money Show’s Bruce Whitfield interviews Sun International Group CEO Anthony Leeming.
Read More
Stadio – spun out from Curro – is enrolling far more students than expected
It aims to enrol 56 000 students by 2026. The Money Show’s Bruce Whitfield interviews Stadio Holdings CEO Chris Vorster.
Read More
Absa keeps its powder dry, deferring dividends, as earnings slump
Its competitors are paying dividends. The Money Show’s Bruce Whitfield interviews Absa Group CEO Daniel Mminele.
Read More