Noach said the funding model would entail medical scheme members paying double the price for the vaccine with the scheme donating 50% of the cost to a funding vehicle, such as the Solidarity Fund. Medical scheme members would receive the vaccine as a prescribed minimum benefit (PMB).
The cost to vaccinate 14.2-m people would range between R4-bn and R7-bn.
Though medical schemes have massive reserves - R87-bn as at the end of quarter two in 2020 - these
reserves belong to members and cannot be tapped by schemes.[BACK TO NEWS]