FOCUS: MEDICAL SCHEMES
CMS probes medical aid AGM costs amid hefty premium hikes
Medical schemes, under fire for high premium increases for 2025 – which in most cases will be pegged above 10% – are also being probed by the Council for Medical Schemes (CMS) for exorbitant costs related to annual general meetings, with inquiries already launched into six schemes.
Moneyweb reports that the CMS provided an update on its investigation launched in January 2024 into the potential factors contributing to the “extravagant costs” incurred by schemes in hosting annual general meetings.
It has...