More employers ditch compulsory medical aid membership, and young people aren't voluntarily joining | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 80%

United States News News

United States United States Latest News,United States United States Headlines

Employers are giving their workers an option to choose if they want to be part of medical schemes. It's not good for the industry, given the stagnation of the medical scheme population in SA in the past decade. | News24_Business

Getty Images

During the presentation of Sanlam Corporate's annual retirement benchmark survey report, Simeka also flagged that an increasing number of younger people are deferring medical aid purchases until later in their careers, even if they are employed full-time. This is because an increasing number of employers are not forcing their staff members to become part of medical schemes comes when the industry is already grappling with a stagnant market.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Daily - Business Daily Meets: Tony Elumelu - BBC SoundsNigeria's most well-known economist on 'Africapitalism' and why he thinks Africa needs to rethink its relationship with business.
Source: BBCAfrica - 🏆 23. / 61 Read more »

Major US firms agree to $1.2bn 'forever chemicals' settlement | BusinessThree major chemical manufacturers announced they will pay nearly $1.2 billion to settle claims that they contaminated water sources across the US with harmful 'forever chemicals' known as PFAS. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »

Business activity in South Africa falls to almost two-year low - TechCentralPrivate sector economic activity contracted for a third consecutive month in May, a survey showed on Monday.
Source: TechCentral - 🏆 8. / 71 Read more »

Kempton Park ponzi scheme: Court liquidates company run by disbarred advisor | BusinessAn investment company in Kempton Park, Gauteng, that authorities say solicited hundreds of millions of rands in investments without a licence has been liquidated. | News24_Business JanTamb
Source: News24 - 🏆 4. / 80 Read more »

BUSINESS REFLECTION: After the Bell: Pow-wowing Karpowership — an explainerWe must ask whether they are a saviour, or even a partial saviour, in the current crisis. Here are some of the arguments for and against, and a quick summary of what has happened so far.
Source: dailymaverick - 🏆 3. / 84 Read more »

How chocolate could counter climate change | BusinessAt a red-brick factory in the German port city of Hamburg, cocoa bean shells go in one end, and out the other comes an amazing black powder with the potential to counter climate change.
Source: News24 - 🏆 4. / 80 Read more »