Here are all your Discovery medical aid price hikes for 2020

Suspect99

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Aug 22, 2012
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5,493
I think you need to contact them directly. They probably don't allow online cancellation because of the number of people who have this deducted by their employers along with their med aid subs. If that is the situation with you then your employer needs to do the cancellation.
It's my own medical aid. Ok so I guess I'll phone them directly
 

krycor

Honorary Master
Joined
Aug 4, 2005
Messages
15,117
I think many people imagine that the admin is a major cash cow whereas it covers an awful lot of expenses.
Hospital groups, medical equipment & implements.. thats where the money is is medicine other than drugs.

wrt Vitality.. it really depends how it's packaged. Remember if you have life cover with Discovery List it's usually bundled as part of it.
 

Rabobi

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Dec 15, 2006
Messages
8,591
Discovery is the new multichoice. Slowly raping their customers and fooling them with bling. Lmao
 

Gaz{M}

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Feb 9, 2005
Messages
4,764
Blame all the Aunties and Uncles that go to hospital for a "rest" and get all their tests done on Hospital benefits because they don't have funds to pay for them out of hospital.
 

newby_investor

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Aug 8, 2018
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Discovery is the new multichoice. Slowly raping their customers and fooling them with bling. Lmao
Discovery is actually one of the more efficient medical aids i.t.o. their admin costs. The increases are because of increasing actual costs to the actual (i.e. non-profit) fund.

Not defending the company, Discovery can rightly be criticised on a number of grounds. This isn't one of them though.

Pretty much this:
Blame all the Aunties and Uncles that go to hospital for a "rest" and get all their tests done on Hospital benefits because they don't have funds to pay for them out of hospital.
 

Nithan15

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Aug 11, 2016
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Blame all the Aunties and Uncles that go to hospital for a "rest" and get all their tests done on Hospital benefits because they don't have funds to pay for them out of hospital.
This has come to an end with the new in hospital based case manager Discovery has implemented and it seems to be working
 

Kosmik

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Sep 21, 2007
Messages
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Medical costs are not totally related to CPI. They are affected by things like increased demand from an ageing population while the younger folk are reluctant join until absolutely necessary thereby destroying the effects of cross-subsidisation.

Something else people don't take into account is that some costs are imported, ie affected by the exchange rate.

And then, there's the real biggie. Most people want the latest available treatments for whatever ails them and will even go to the press if their medical aid says No. Well, guess what! That latest treatment/technology (probably imported) doesn't go up by 4% pa just because our CPI is in that region. That new treatment maybe costs 300%+ of the previous version. Who is supposed to pay for that?

I know that no-one wants larger than inflation increases in their premiums, but then you need to moderate your expectations, or just pay up. You can't have it both ways.
My point is that it is not sustainable. Ask anyone who has been on medical aid for a long time, the current benefits are a far cry from what we used to have. Most folks these days are self funding except at a hospital level, because it is so expensive. And if you talk to the medical aids, its the day to day benefits that are taking a hiding , not the hospital. Yes, there is a LOT of abuse of hospital options but that is SUPPOSED to be policed by the medical aids and the boards, they are failing at it.
 

diapason

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Sep 24, 2016
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My point is that it is not sustainable. Ask anyone who has been on medical aid for a long time,
I'm not denying that it's unsustainable. I was merely pointing out what affects the increases. It also highlights the unsustainability of NHI.

I've been on medical aid since 1974. Fortunately, in retirement, I have a retiree's subsidy, although my former employer has done away with such subsidies for their new hires since the beginning of last year.
 

Moto Guzzi

Senior Member
Joined
Apr 24, 2004
Messages
681
Medical costs are not totally related to CPI. They are affected by things like increased demand from an ageing population while the younger folk are reluctant join until absolutely necessary thereby destroying the effects of cross-subsidisation.

Something else people don't take into account is that some costs are imported, ie affected by the exchange rate.

And then, there's the real biggie. Most people want the latest available treatments for whatever ails them and will even go to the press if their medical aid says No. Well, guess what! That latest treatment/technology (probably imported) doesn't go up by 4% pa just because our CPI is in that region. That new treatment maybe costs 300%+ of the previous version. Who is supposed to pay for that?

I know that no-one wants larger than inflation increases in their premiums, but then you need to moderate your expectations, or just pay up. You can't have it both ways.
Come on, explain that cross subsidations again....Over many years at R80000.00 per year I filled my coffer to the brink in their kitchen(another medical aid-they are all the same over time). I still have to pay extra for many things, and cash to get discount from specialist within one week. Now if every older person was sick, and newer ones dont join, do you think medical would excist, I dont think so, same for insurance. Now my experience is every year the premiums going up so much, I have to divert to a lower plan every few years, then that plan rises, and so I go throught their plans down and eventually out, after I pump their coffer full, no man, this is not on, and begs for an in depth investigation. Its not just the plans that get higher prices, the rules also change, and they even change the names of the plans. And look at how they outsource, and fee apon fee in series for one item at pharnacy...

So when you an average person, really old paid a lot of moot in, you through the system and out, left to die, no boardmember will mis you.
 
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Drifter

Honorary Master
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Dec 19, 2012
Messages
18,077
I got retrenched a few years back, had to cancel medical aid, due to the break in cover, they hit me with a 75% loading. I cant afford R9K a month. So fekk them.
 

Johnatan56

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Joined
Aug 23, 2013
Messages
25,148
Correct. The administrators are a separate for profit company. I think nowadays it accounts for around 10 or 11 percent of your premiums - used to be around 14%.

I think many people imagine that the admin is a major cash cow whereas it covers an awful lot of expenses.
How long ago was 14%? I think it's been around 10% and has been reducing in the last decade as technology impact/large increase in size of the pools has reduced the fees as a percentage. That doesn't mean they aren't still raking in a lot of profit.
713959
 

diapason

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Sep 24, 2016
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How long ago was 14%? I think it's been around 10% and has been reducing in the last decade
Yes. It was a long time ago. If I remember correctly the CMS put pressure on the medical aids to reduce their admin costs.
 

diapason

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Sep 24, 2016
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1,264
Come on, explain that cross subsidations again....Over many years at R80000.00 per year I filled my coffer to the brink in their kitchen(another medical aid-they are all the same over time). I still have to pay extra for many things, and cash to get discount from specialist within one week. Now if every older person was sick, and newer ones dont join, do you think medical would excist, I dont think so, same for insurance. Now my experience is every year the premiums going up so much, I have to divert to a lower plan every few years, then that plan rises, and so I go throught their plans down and eventually out, after I pump their coffer full, no man, this is not on, and begs for an in depth investigation. Its not just the plans that get higher prices, the rules also change, and they even change the names of the plans. And look at how they outsource, and fee apon fee in series for one item at pharnacy...

So when you an average person, really old paid a lot of moot in, you through the system and out, left to die, no boardmember will mis you.
The fact remains that not enough younger people join unless their employers make it a condition of employment.

I am on one of the lower plans having been paying into various medical aids since 1974.

Like it or not, costs do go up way ahead of inflation and that is not because of medical aids. It would happen if you were self-funding. It will happen with NHI.
 

lowriderza

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May 23, 2019
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Thankfully my business is growing a little bit faster than the increases my household needs not face.
 

noxibox

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Apr 6, 2005
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I think many people imagine that the admin is a major cash cow whereas it covers an awful lot of expenses.
They don't imagine it. They see the ever-growing profits posted by some of those companies.

Blame all the Aunties and Uncles that go to hospital for a "rest" and get all their tests done on Hospital benefits because they don't have funds to pay for them out of hospital.
There is probably some of that, but the medical aids also bring it on themselves. If you leave hospital early to continue recovering at home they won't cover your subsequent treatment that would have been covered in hospital, so it pays members to stay in hospital as long as possible. If you go to the emergency room, get treated and go home there are things they won't cover, but would have if you had been admitted, thus people will seek to get admitted.
 

Gaz{M}

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Feb 9, 2005
Messages
4,764
Can we all agree CPI is B.S and not 4% or whatever these punks claim.

It is 10% or more for most people. So therefore medical aid is increasing at "real" CPI. Salaries, not so much.
 
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