BP medical aid merger with Momentum turned down by regulator

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BP medical aid merger with Momentum turned down by regulator🔒

The medical schemes regulator has rejected a proposed merger between SA’s third biggest medical scheme, Momentum Health, and a small scheme restricted to the South African employees of the British oil and gas company BP.

It is an unusual development, as the medical schemes industry is consolidating and has seen the number of schemes steadily shrink from 93 to 80 from 2012-2018.

 

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