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SA’s medical schemes industry in good shape – Alexander Forbes

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A trend noticed in the medical industry is that family size has consistently declined over the last 17 years.

Healthcare consultancy Alexander Forbes Health says South Africa’s largest medical schemes, both open and restricted, have sufficient reserves to pay their claims., Alexander Forbes Health’s annual publication that analyses key trends in the medical schemes industry from 2000 to 2017, says the number of medical schemes reduced to 80 in 2017, driven by amalgamations and liquidations.

Family size has consistently declined over the last 17 years, a trend senior actuarial specialist at Alexander Forbes Health Zaid Saeed attributed to the affordability of medical aid cover.

 

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