Medical Scheme Environment
National Health Insurance (NHI) Update
24 May 2023: NHI Bill adopted by Parliamentary Portfolio Committee (PPC) for Health
12 June 2023: NHI Bill approved by Parliament
Now passes to National Council of Provinces (NCOP)
note that the Western Cape (DA run) does not support the bill as is
Thereafter referred to president for promulgation
Opposition voices
NHI Bill voted against by Democratic Alliance (DA), Economic Freedom Fighters (EFF) and Inkatha Freedom Party (IFP) - for various reasons
No track record to manage the single largest fund in SA, will be larger than Eskom
Timing for 2024 election campaign
Discovery Health response
NHI Bill likely to be subject to protracted legal challenges
Funding of the NHI Bill remains unclear
Timeline to implementation is likely to be 10 to 15 years according to the representatives of the National Department of Health
Medical Scheme Financial Results (2022)
Discovery Health – Statement of Comprehensive Income
Discovery Health – Solvency Ratio
Momentum Medical Scheme – Statement of Comprehensive Income
Momentum Medical Scheme – Solvency Ratio
Bonitas Medical Fund - Statement of Comprehensive Income
Bonitas Medical Fund - Solvency Ratio
Bestmed - Statement of Comprehensive Income
Bestmed - Solvency Ratio
Sources: Annual Financial Reports provided by schemes