Following the release of the Competition Commission’s provisional Health Market Inquiry into the South African private healthcare sector, many concerning issues have been raised.
Of the several investigations into many facets making up the sector, pricing and value-for-money services were major bones of contention.
The inquiry, which has taken the commission four years to put together, has revealed that one of the major reasons for looking into private healthcare has been to figure out the reasons behind price increases and the increase in expenditure.
During their investigation, several comparisons were made with other countries’ healthcare sectors, more specifically those belonging to an international institution – the Organisation for Economic Co-operation and Development (OECD) ….more