A look at Discovery’s beautiful new R3 billion headquarters in Sandton

WaxLyrical

Honorary Master
Joined
Oct 20, 2011
Messages
19,103
So they're making a massive profit from medical aid fees?

The actuaries seem to be spot on.
 

P924

Expert Member
Joined
Jan 18, 2010
Messages
2,232
So they're making a massive profit from medical aid fees?

The actuaries seem to be spot on.
No, legally they cannot. They are killing it with all the add-on products, like vitality and their insurance products.
 

WaxLyrical

Honorary Master
Joined
Oct 20, 2011
Messages
19,103
No, legally they cannot. They are killing it with all the add-on products, like vitality and their insurance products.
How does law determine what they want to charge for medical aid fees.

Surely their rates are based on inhouse estimates determined by risk scientists?
 

P924

Expert Member
Joined
Jan 18, 2010
Messages
2,232
How does law determine what they want to charge for medical aid fees.

Surely their rates are based on inhouse estimates determined by risk scientists?
They are not allowed to make profit. IIRC, up to 15% of the contributions may be used for administration, the rest is used like a trust of sorts.
 

f2wohf

Honorary Master
Joined
Apr 15, 2014
Messages
15,107
They actually make around 5 billions from Discovery Health.

Compared to 10 from Life, 11 from Invest and 2 from Vitality.
 
Top