The Times reports that an increasing number of medical aid members who are downgrading because of tough economic times.
Medical aid broker Alexander Forbes said the number of corporate clients who reviewed their plans for this year had doubled. For the first time, more people had downgraded than upgraded. Tracy Janssens, branch head at Alexander Forbes Health, said: “This is the first year we have seen a big shift in the number of downgrades, and the reason is the economy. Even executives are questioning their medical aid costs, and the feedback to brokers is that it is unaffordable to continue on high-cover plans that many people are not using.”……more