Johannesburg - The Council for Medical Schemes on Monday assured members that the South African Municipal Workers Union National Medical Scheme (SAMWUMED) was not affected by the union's financial woes.
The South African Municipal Workers Union (SAMWU) is reportedly insolvent and has been struggling to pay staff salaries since last August.
SAMWU has tasked its national office bearers with dealing with its finances, including ensuring that provincial allocations are paid on time.
On Monday, the medical schemes regulator's spokesperson Grace Khoza said SAMWUMED had 33 000 principal members, R1.3 billion in reserves and a 105 percent solvency ratio.
"This, in our view, should confirm to all current and potential members and service providers that SAMWUMED is able to meet its financial commitments in line with the business of a medical scheme and that it will continue to do so for the foreseeable future," Khoza said.