{"id":59456,"date":"2024-01-13T08:35:03","date_gmt":"2024-01-13T08:35:03","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/cms-raps-medical-schemes-for-splurging-on-agm-functions"},"modified":"2024-01-13T08:58:41","modified_gmt":"2024-01-13T08:58:41","slug":"cms-raps-medical-schemes-for-splurging-on-agm-functions","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/cms-raps-medical-schemes-for-splurging-on-agm-functions","title":{"rendered":"CMS raps medical schemes for splurging on AGM functions"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>South African medical aid schemes have been found to splurge on annual general meetings (AGM), with Sizwe Medical Fund the biggest culprit.<\/p>\n

This is according to the Council for Medical Schemes’ (CMS) report on the past financial year released this week.\u201cOf the 71 schemes, 33 incurred AGM-related expenses totalling R29.2m. The aggregate number of lives covered by the schemes that incurred expenditure amounted to 8.1-million, whereas those without AGM-related costs covered 850,248 lives.<\/p>\n

\u201cSizwe Medical Fund had an extreme value with a relative ratio of 46, a substantial deviation from the benchmark value of four. Medipos Medical Scheme followed with a relative ratio of 20 and Engen Medical Benefit Fund and Motohealth Care at 11, indicating comparatively higher AGM-related expenditures.<\/p>\n

\u201cIn identifying these schemes, particularly the Sizwe Hosmed Medical Fund, further exploration is warranted into the potential factors contributing to their exceptionally high AGM fees,\u201d the report said.<\/p>\n

A secondary list of schemes with relative ratios falling between five and nine included Foodmed Medical Scheme, University of KwaZulu-Natal Medical Scheme, TFG Medical Aid Scheme, Cape Medical Plan, SAMWUMed and Discovery Health Medical Scheme.<\/p>\n

\u201cWhile not as extreme as the first set of schemes, these entities also exhibit noteworthy relative ratios, prompting consideration for further investigation into the drivers of their AGM-related expenditures.<\/p>\n

\u201cThe comparative analysis of these schemes against the computed benchmark provides a valuable perspective on the variations in AGM costs within the broader context of medical schemes,\u201d the report said.<\/p>\n

The CMS found AGMs have problems, including limited member awareness, accessibility barriers and perceived irrelevance, prompting the need for strategic approaches.<\/p>\n

In 2022, large schemes constituted a substantial 96% of the overall spending, while medium and small schemes contributed modestly with 3% and 1% respectively.<\/p>\n

\u201cThese proportions remained consistent throughout the review period, underscoring the enduring pattern of larger schemes’ predominant role in the total expenditure.\u201d<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. South African medical aid schemes have been found to splurge on annual general meetings (AGM), with Sizwe Medical Fund the biggest culprit. This is according to the Council for Medical Schemes’ (CMS) report on the past financial year released this week.\u201cOf the 71 schemes, 33 incurred AGM-related expenses totalling R29.2m. The aggregate […]<\/p>\n","protected":false},"author":84,"featured_media":59455,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[274,315,275],"class_list":["post-59456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"\nCMS raps medical schemes for splurging on AGM functions - South Africa<\/title>\n<meta name=\"description\" content=\"South African medical aid schemes have been found to splurge on annual general meetings (AGM), with Sizwe Medical Fund t ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/cms-raps-medical-schemes-for-splurging-on-agm-functions\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CMS raps medical schemes for splurging on AGM functions\" \/>\n<meta property=\"og:description\" content=\"South African medical aid schemes have been found to splurge on annual general meetings (AGM), with Sizwe Medical Fund t ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/cms-raps-medical-schemes-for-splurging-on-agm-functions\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-13T08:35:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-13T08:58:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2024\/01\/sm_1705123494.550979.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"512\" \/>\n\t<meta property=\"og:image:height\" content=\"390\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/cms-raps-medical-schemes-for-splurging-on-agm-functions#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/cms-raps-medical-schemes-for-splurging-on-agm-functions\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"CMS raps medical schemes for splurging on AGM functions\",\"datePublished\":\"2024-01-13T08:35:03+00:00\",\"dateModified\":\"2024-01-13T08:58:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/cms-raps-medical-schemes-for-splurging-on-agm-functions\"},\"wordCount\":321,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/cms-raps-medical-schemes-for-splurging-on-agm-functions#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2024\/01\/sm_1705123494.550979.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/cms-raps-medical-schemes-for-splurging-on-agm-functions#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/cms-raps-medical-schemes-for-splurging-on-agm-functions\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/cms-raps-medical-schemes-for-splurging-on-agm-functions\",\"name\":\"CMS raps medical schemes for splurging on AGM functions - 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