13 July 2012

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Medical scheme costs escalate while benefits decrease

Private medical insurance is a luxury less than one in five (16%) South Africans can afford, and it is not getting any cheaper. Studies reveal that in 1981 a household with one working member paid about seven percent of its income to medical scheme contributions, by 1991 this portion had increased to 14 percent, rising further to 20 percent by 2001, and by 2007 stood at 30 percent.
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