THE HEALTH OF SA’S MEDICAL SCHEMES
every now and then, some global phenomenon or event thrusts a sector into the spotlight. It was the oil and gas industry with the first oil crisis in 1973. The local construction, travel, tourism, and hospitality sectors immediately after South Africa won the bid to host the 2010 Fifa World Cup. The finance industry when the global financial crisis of 2007/2008 hit.
In 2020, the world looked to the pharmaceutical, healthcare and insurance sectors for solutions. Both the local and global healthcare systems underwent significant pressures following the out break of the novel corona virus. Medical schemes were caught off-guard with good reason, as just about everything about the ongoing pandemic was, indeed, novel.
Impact on listed medical schemes
Assessing the impact of this virus on overall claims experience, considering the incidence or
