Featured Question: What is SA's health policy in layman terms?
What is South Africa's health policy in layman terms? I read about it, but what is it all about and how will this affect us as members belonging to a medical aid?
Heidi Kruger, form the Board of Healthcare Funders, has this weeks answer:
At present there are two separate health systems in South Africa, i.e. the private sector and the public sector. Each of these sectors has their own specific challenges. The challenges in the private sector revolve around affordability and supply/demand issues. The challenges within the public sector revolve around issues such as, access, burden of disease, and, human resources.
The Green Paper on the National Health Insurance (NHI), released in 2011, proposes a single health system, which aims to:
- Provide improved access to quality health services for all South Africans.
- Pool risks and funds so that equity and social solidarity will be achieved through the creation of a single fund.
- Procure services on behalf of the entire population.
- Strengthen the under-resourced and strained public sector.
According to the Green Paper, the NHI will be based on two key principles, i.e. risk cross-subsidization (meaning that the young and healthy will cross subsidize the elderly and sick) and income cross subsidization (meaning that the people earning higher incomes will subsidize those earning less and the unemployed).
Medical schemes, as they are currently constituted, work under similar principles of cross subsidization mentioned above. In view of this, we believe that the private funding sector should be viewed as a national asset and which could be made available to government as it implements NHI.
In Board of Healthcare Funders of South Africa (BHF) submission on the Green Paper, BHF suggests that, once fully implemented, the NHI model could be similar to the 'Gautrain' model where the private sector was contracted by government to fulfil the function of building the entire system and where the establishment of the Gautrain Management Agency, under the Provincial Government, manages the running of Gautrain. We believe that a well functioning NHI system will certainly require such a model.
It must be noted, however, that the time-frame for the implementation of NHI, as stated by government, is 14 – 25 years, so it will not have an immediate effect on your medical scheme.
Featured Financial conflict can lead to divorce – here’s how to prevent it
Talking about money is an intimate matter, and it may be uncomfortable for couples who’ve managed to avoid this discussion. However, it will become necessary at some point or other. Do you think you’re ready to talk to your partner about money?
This is how much you should spend on accommodation
As your salary changes over time, your expenses will change too. But what if you’re spending an exceedingly large percentage of your income on accommodation? Is it feasible or even recommended in our current stressful financial climate?
How to be “future greedy” with passive income
Setting up numerous streams of income is a safe way to protect yourself from the loss of your main stream of income. Better yet, setting up passive streams of income will ensure you always have money coming in, without costing you additional working hours. So, what is “passive income”, and how can you earn this?
Can your debt be cancelled?
It sometimes happens that you struggle so much to pay your debt that you think of asking your creditor to write it off. But debt doesn’t just get written off. There are conditions that must be met and procedures that must be followed before the creditor cancels your debt.
FNB senior customers can earn up to 30% back in eBucks at Clicks
Price: Available on request
When: From 5 August 2020
Bakwena Spa Women’s Day Special
Price: R549 per person
When: Until 31 August 2020
Where: Centurion, Hartbeespoort, Kuils River
Dis-Chem Pap Test Special
When: From 3 August to 11 September 2020