I have been thinking more about yesterday’s post and something did occur to me. Suppose the solvency regulations did change to this risk based capital thing the actuarians are going on about. What would be the likely outcome?
Two articles that I want to highlight this week. The first is the announcement of a 2013 contribution increase of around 10.3% from GEMS. The second is an article titled “More fat than muscle?” that was carried in the Financial Mail last week.
The phenomenon of expensive medical scheme contributions and above inflation increases has persisted for so long that people tend to lose sight of the fact that medical schemes aren’t happy about the situation either. Think about it. We know that the number of people covered by medical schemes hasn’t been growing by much. If we… Continue reading The Hunting of the Snark
Neil has a BMI of 42. He also has high cholesterol and hypertension. While he hasn’t been diagnosed with diabetes, his blood sugar level is consistently on the high side.
I have no idea what he actually looks like but whenever I read anything that has been touched by Stan Eiser I always picture a grizzled old man hacking away on a “document” that will “expose” the medical schemes industry. In my imagination he stops every now and then to shout incoherently at the computer… Continue reading Graaaaaaagh!
One of the things that the proponents of disruptive healthcare reform in South Africa hold up as an example of what is wrong with private healthcare is a phenomenon known as supplier induced demand. Now let’s just be clear – it is not a uniquely South African problem. Other countries have seen this as well.
Discovery Health (and I am not going to bother to distinguish between the administrator and the medical scheme) has a lot in common with Eric Cartman from South Park, particularly when it comes to being overweight, insensitive, self-righteous, and wildly insecure. The event that forever burned this association in my mind was the episode almost… Continue reading You might be Eric Cartman