Consumers are spending more and more on medical aids, while getting less and less in return. At the same time, competition, which usually drives down prices, is lacking in the private health sector.
These are some of the findings of the four-year extensive investigation in the private health sector by a senior panel appointed Competition Commission. The Healthcare Market Inquiry released its preliminary report on Thursday at a lengthy press conference in Johannesburg.
Interested parties have until September 7 to respond to the report.
In the executive summary of the 800-page report consumers were described as “confused and disempowered”. …..more