Picture: JACKIE CLAUSEN
The Competition Commission's health market inquiry began work in January 2014, and was tasked with investigating the dynamics in the private healthcare market and determining whether there are barriers to effective competition that hamper patients’ access to care. The five-member panel, headed by retired justice Sandile Ngcobo, has recommended the establishment of an independent supply-side health regulator to oversee licensing, pricing and the quality of care in the private healthcare sector.
“The health market inquiry provides mechanisms to make NHI possible and to make it a success. That's the big message,” she said. It recommends that all medical schemes should offer a single, standardised benefit package that will allow consumers to compare products, and the introduction of a risk-adjustment mechanism to force schemes to compete on price and quality rather than on their ability to attract young and healthy lives.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
No need to break up private hospital groups, says health market inquiryThe Competition Commission has backed down on its initial recommendation of divestiture for Netcare, Life Healthcare and Mediclinic
Source: BDliveSA - 🏆 12. / 63 Read more »
Discovery's market dominance means little incentive to drop prices, health market inquiry findsChair of the inquiry, Sandile Ngcobo, said the Discovery Health scheme did not face any real competition and made much higher profits than other medical aids.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Discovery's market dominance means little incentive to drop prices, health market inquiry findsDiscovery Health, which administers 18 medical aid schemes, makes profit that is 'multiples' of its competitors, according to the health market inquiry.
Source: SowetanLIVE - 🏆 13. / 63 Read more »