Covid to hit medical aids with big claims, skint clients

31 May 2020 - 00:00 By JANE STEINACKER

The Covid-19 pandemic could cost medical aid schemes billions at a time when their income is expected to decline as an increasing number of financially distressed members downgrade their medical aid plans or are unable to pay for them at all.

Discovery Health Medical Scheme (DHMS), which has more than 2.8-million beneficiaries, expects the pandemic to generate additional claims ranging from R7bn to R31bn from medical schemes in SA...

This article is reserved for Sunday Times subscribers.

A subscription gives you full digital access to all Sunday Times content.

Already subscribed? Simply sign in below.

Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.

Questions or problems? Email or call 0860 52 52 00.