Calls for billions to be released from medical schemes’ emergency reserves to fight coronavirus
CAPE TOWN –
Financial services company KHUSA Consulting has called for the release of billions of rands from medical schemes’ emergency reserves to help treat Covid-19 patients in South Africa.
Financial services company KHUSA Consulting has called for the release of billions of rands from medical schemes’ emergency reserves to help treat Covid-19 patients in South Africa.
KHUSA Consulting executive director Adrian Parsons said that, by law, medical schemes had emergency fund reserves amounting to at least 25 percent of members’ contributions.
Collectively, more than R60 billion is held in the reserve funds, which could be released for the treatment of South African Covid-19 patients – whether they are medical scheme members or not.
Source: iol.co.za