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FMF Newsletter - 14 September 2022

14 September 2022

FMF FEATURE ARTICLE


Brokers in the medical schemes market
 
Introduction
Brokers are a feature of the medical schemes market and subject to extensive regulation in terms of the Medical Schemes Act, its regulations, and circulars issued by the Council for Medical Schemes (CMS). The CMS has announced it intends to revise Circular 20 of 2010, the prevailing circular dealing with brokers and has called for public comment. The closing date for comments is the end of August.  It is not intended to comment on the proposed changes at this stage.  This will come later.  This article discusses the position of brokers in the insurance markets in general with specific reference to medical schemes, laying the foundation for the subsequent comments.

Prof. Robert Vivian

WORLDWIDE LAUNCH
South Africa ranks 99th out of 165 countries and territories included in the Economic Freedom of the World: 2022 Annual Report, released by the FMF in conjunction with Canada’s Fraser Institute. Last year, South Africa ranked 93rd and has therefore deteriorated further in the rankings. The country’s best ranking of 47th was achieved in 2000.
FMF hosted a virtual media briefing last week with a panel of speakers: 

  • Neil Emerick – overview of EFW index
  • Phumlani Majozi – size of government
  • Rex van Schalkwyk – legal system & property rights
  • Brian Kantor – access to sound money 
  • John Dludlu – regulation of credit, labour, and business

Our media release can be read HERE; the briefing video can be viewed HERE; for media coverage, click HERE.

FMF IN THE MEDIA
- The Zulu Kingdom should develop customary law to keep the peace – Mpiyakhe Dhlamini
- Don’t empower the capitalist: A blueprint for escaping wage slavery – Mpiyakhe Dhlamini
- Abolish community service for new doctors  – Nicholas Woode-Smith

SUBMISSION
- Comments on proposed Unlawful Entry on Premises Bill, 2022


WORTH READING
- Economic freedom in our lifetime?
- Electricity in crisis

CONTACT US: 
 +27 11 884 0270 | FMF@fmfsa.org

Publish date: 14 September 2022
Views: 223

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The views expressed in the article are the author’s and are not necessarily shared by the members of the Foundation. This article may be republished without prior consent but with acknowledgement to the author.

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