Small mercy

Thank goodness Julius Malema has not turned his attention to healthcare – probably because the masses still believe that NHI is a fait accompli.  Little do they know… Over the weekend Bursar got on the internet and found this delightful page on Wikipedia: “Truthiness”.  I think it just captures the essence of what is wrong… Continue reading Small mercy

We don’t know what we are talking about

Something that most people in the industry missed was the CMS Circular 3 of 2011 (which can be downloaded here).  This rather dry circular dealt with the definitions of allowable assets that medical schemes can invest in under the regulations of the medical schemes act. Specifically it contained this little gem: Derivatives Category 7 assets… Continue reading We don’t know what we are talking about