Bonitas announces lowest increase in 6 years
Bonitas Medical Fund (Bonitas) on Wednesday announced its lowest increase in six years.
After a challenging year for the healthcare industry, the contribution increase for 2018 would be a weighted increase of 8.7%, with increases on the various options range from 7.9% to 9.9%.
Principal Officer, Gerhard Van Emmenis said despite increasing healthcare inflation and economic pressures in the past year, robust cost-containment initiatives have enabled Bonitas to keep the weighted average contribution in single figures for 2018. The increase was the lowest seen from the Fund in recent years – clearly signalling its good financial health. Last year, speculation was rife, following Bonitas’ amalgamation with LMS Medical Fund. However, the impact of this has been negligible.
Read the full story on: IOL.
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