Guiding consumers since 2009

National Health Insurance to change Medical Aid

By Staff Writer

There is a constitutional obligation to provide access to health care for all. Currently in South Africa while there is a public health service, many people opt for privatised healthcare believing that they will get a better quality of care. This can be a very expensive thing. So we have developed a system of medical aids in South Africa to provide health insurance for private health care. There is now talk of a National Health Insurance (NHI) being set up. What will this change for your medical aid?

 

  • Medical aids may offer less
  • There will be more tax
  • There will be cross over health care

 

The system that the government appears to be modelling on is the United Kingdom's NHS or National Health Service, which is currently under pressure. The fact is that the UK government charges a small part of tax called National Insurance or NI that provides comprehensive free health care. This kind of health care is what is called for by our constitution and is a method of keeping our population healthy and productive, however with the existence already of medical aid a new tax could lead to people paying twice for their health care.

While many will be unhappy about another tax, if we wish to be able to supply the labour market with healthy and able workers then we will need to provide more access to health care which at the moment is only really available at decent service levels to those who are able to afford medical aid. With an introduction of NHI there may be less call for private medical aids, with these providing only top-up services that are not covered by the national fund. If this national fund is managed correctly we could pay much less for our health insurance and get the same level of care as currently.

Recent Articles

Featured It’s possible to change your marriage regime

Many people wed before they sign an antenuptial contract (ANC). This is especially practiced by people in customary marriages and those not clued up about the ANC. The law says if there’s no ANC before the wedding takes place, the marriage will automatically be in Community of Property. 

Keep this in mind when taking out new financial products

Adding a product to your personal finance portfolio, such as insurance or an investment, is a big decision. We found out what you should keep in mind before taking out a new product, how you can assess the products you already have, and how you can generally improve your financial position.

Are you in debt denial?

With debt levels increasing at 13% more than income levels, South Africans are more debt-stressed now than arguably ever before. This is iterated by the National Credit Regulator’s (NCR) report that nearly half of credit-active consumers in South Africa have damaged credit records. However, only a few seek the necessary help.

Why should you invest in a mutual bank?

Often when people think about banking, they always think about commercial banks. Mutual banks hardly come to mind, but these banks offer investment opportunities that are often overlooked.

 

Deals

Aurora Spa 100-minute Treatment Special

Price: R449
When: Until 31 March
Where: Century City

Woodstock Grill and Tap Steak Thursdays

Price: R100
When: Thursdays
Where: Woodstock

KFC 5+5 Special

Price: R65
When: Until 25 February 2020
Where: Nationwide