The best and worst SA medical aid schemes revealed

The 2018 GTC Medical Aid Survey has shed light on the current state of medical aid schemes in South Africa, revealing both areas of improvement and challenges within the healthcare industry. Jill Larkin, Head of GTC Healthcare, discussed the key findings of the survey in a recent interview with CNBC Africa. Larkin highlighted the complexity of the healthcare industry, emphasizing the fact that some medical aid schemes outperform others. Despite ongoing efforts to investigate and address rising healthcare costs, the survey findings indicate a significant level of competition among different medical schemes. One of the pressing questions raised during the interview was why competition among healthcare providers has not led to a decrease in prices for consumers. Larkin explained that while medical aids play a role in managing costs, it is ultimately the increasing healthcare expenses that drive up premiums. In order to maintain quality healthcare coverage, premiums are adjusted to reflect the rising costs of medical services. Addressing concerns about profitability within the healthcare sector, Larkin clarified that medical aids are not-for-profit organizations, although administration companies may indeed post profits. The distinction between these entities is crucial in understanding how costs are managed and premiums set for consumers. The conversation also delved into the topic of the National Health Insurance (NHI) and its potential impact on the healthcare landscape in South Africa. Larkin expressed optimism about the NHI's goal of providing comprehensive coverage for all citizens, acknowledging the challenges of funding such a large-scale initiative. By improving access to public healthcare services, the NHI aims to address disparities in coverage across different provinces and ensure a more equitable healthcare system for all South Africans. In conclusion, Larkin underscored the importance of ongoing efforts to evaluate and enhance medical aid schemes in South Africa. With a growing emphasis on transparency, competition, and affordability, stakeholders in the healthcare industry are tasked with finding innovative solutions to meet the evolving needs of consumers. As the landscape continues to shift, collaboration between public and private sectors will be vital in shaping the future of healthcare in the country.