Tony Singleton
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TONY SINGLETON, CEO OF TURNBERRY MANAGEMENT RISK SOLUTIONS.
• Medical aids have released their rates for 2020, and there are increases ahead of inflation. While it may not seem that way to the end customer, medical aids are locked in a delicate balancing act to maintain a tolerable level of increase and keep private healthcare affordable.
• Medical inflation is currently sitting at between 10.5% and 12.5%, and yet the average increase in medical aid premiums from the ‘big three’ for 2020 is sitting well below this. Bonitas comes in highest with a median increase of 9.9%, while Discovery’s median increase is 9.5% and Momentum’s is 8.2%.
• Medical aids have released their rates for 2020, and there are increases ahead of inflation. While it may not seem that way to the end customer, medical aids are locked in a delicate balancing act to maintain a tolerable level of increase and keep private healthcare affordable.
• Medical inflation is currently sitting at between 10.5% and 12.5%, and yet the average increase in medical aid premiums from the ‘big three’ for 2020 is sitting well below this. Bonitas comes in highest with a median increase of 9.9%, while Discovery’s median increase is 9.5% and Momentum’s is 8.2%.
