Fiscal health, Covid and the way forward
2020 and the global pandemic has put healthcare and access to private medical aid in the spotlight. Luke Woodhouse, Chief Financial Officer of Bonitas Medical Fund, talks about the scheme’s financial strength during difficult economic times, the anticipated impact of Covid-19 on the fund, the way forward for healthcare as well as increases and plans for 2021.
INCREASED RESERVES
“We are pleased that despite difficult trading conditions, a weak economic outlook, rising unemployment and healthcare service pricing above inflation, the scheme is financially solid. When we released our annual results for 2019, we reported bolstered reserves of R4.3 billion,” says Woodhouse.
NET SURPLUS
The fund also reported a net surplus of R186.1 million for 2019 on the
