Cape Town - The Council for Medical Schemes (CMS) on Wednesday reported that South Africa’s 83 registered medical schemes, both open and closed, had been found to be in a healthy financial state.
The CMS, which regulates medical schemes operating in the country, said that according to its findings, all the registered medical schemes were able to “continue to provide sufficient financing for private medical care”.
The 83 registered medical schemes as of December 31, 2014, included 23 open schemes and 60 restricted schemes.
These schemes had a combined total of 8,81 million members in December 2014, comprising of 3.9 million main members and 4.9 million dependants.
In addition, the regulating body said the schemes were “nowhere close to collapsing,” as was reported recently in the media. However, costs associated with private healthcare were climbing.