Discovery Premiums Massive Increase in 2017

Discovery Health has announced its new premiums for 2017, which are set to increase between 7.8% and 14.9%.

The average premium increase across Discovery Health’s plans are 10.2% – significantly higher than last year’s 8.6%, and even higher than the forecast CPI of 6.8%

The increases for individual Discovery Health plans are as follows:

  • Executive and Comprehensive: 11.9%
  • Coastal Core: 14.9%
  • Coastal Saver: 7.8%
  • All other plans: 9.9%

According to Milton Streak, ‎Principal Officer at Discovery Health Medical Scheme, most of their members will see an increase of 9.9% or lower in 2017.

Discovery Health is the biggest medical scheme on the open market with over 2.7 million members. The group warned earlier this year that premiums would be going up due to significantly higher claims than in previous years.

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Medinol is one of the few purpose-built practice management application to meet the unique needs of independent private healthcare providers. Today Medinol helps over 130 providers throughout South Africa run more efficient and profitable practices, while delivering outstanding patient care. As an on-premise software, Medinol and the data it manages, is fully under your control. This enhances your independence and privacy: what happens in your rooms, stays in your rooms. Medinol helps manage your patient information, generates your billings, submits your claims, control your outstandings, and get your accounts paid quickly. Medinol has been in operation since 1984 demonstrating its proven efficacy. Medinol’s mission is to help independent practices succeed in an ever-changing healthcare environment. More information can be found at http://medinol.co.za.

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