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Subsidised vaccine rollout to cost medical schemes as much as R7bn

11 Jan 2021

 

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.

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