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
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
An economist expects China growth at 9.5%, US money-printing, rising metal prices and trade- and current-account surpluses in SA.Read More
Bruce Whitfield asks personal finance advisor Warren Ingram to explain in detail the new laws affecting provident funds.Read More
You can buy R1 (or even one cent) worth of shares. "The key to getting started is to get started," says Charles Savage.Read More
Need new wheels? WesBank’s Lebogang Goaaketse discusses a popular method for making repayments more affordable.Read More
Distressed properties on auction are going for a song. Bruce Whitfield interviews property economist Francois Viruly.Read More
Investors are getting ahead of themselves, warns Pieter Hundersmarck, a fund manager at Flagship Asset Management.Read More
Bruce Whitfield interviews Tinashe Ruzane of FlexClub, where you can choose from a variety of car subscriptions for a monthly fee.Read More
The Money Show’s Bruce Whitfield interviews Basil Sgourdos, CFO at Naspers.Read More
The Money Show’s Bruce Whitfield interviews Leon Lourens, CEO at Pepkor Holdings.Read More
The Money Show’s Bruce Whitfield interviews Dr Richard Friedland, CEO at Netcare.Read More