South African medical insurers may help fund vaccines for broader population

5th January 2021

By: News24Wire

  

Font size: - +

South African medical-insurance companies, business organisations and the government are developing a programme in which the private sector will help fund Covid-19 vaccines for people not covered by insurance.

Legislation has been amended to allow the companies to fund shots for people who don’t have medical insurance and talks are now focused on the number of those who may benefit, said Stavros Nicolaou, head of the health workgroup for B4SA, a grouping of South Africa’s biggest business organisations.

In addition to medical insurers, companies such as miners may contribute funds so their workers can be covered, he said.

"We are looking at a model of some cover for uncovered patients," he said in an interview on Monday.

"For every funded person, there will be a contribution to the unfunded."

The talks come as South Africa’s government faces increasing criticism by labor unions, health officials and opposition parties for its failure to procure vaccines even as at least 29 nations begin inoculating their populations. The country has yet to conclude any direct supply agreements with pharmaceutical companies. It expects to begin receiving shots in the second quarter to cover a 10th of its about 60 million people through the Covax initiative, which is trying to ensure equitable access to vaccines.

As of 2019, 17% of South Africa’s population was covered by medical insurance, according to the national statistics agency.

South Africa, with 1.13-million confirmed infections and over 30 000 deaths, is the nation in Africa most affected by Covid-19.

Allowing medical insurers or companies to import vaccines solely for their own members or employees could spark tension in South Africa, which is one of the world’s most unequal societies. The government is already struggling to meet a host of economic challenges, with many state companies dependent on bailouts from the budget.

A panel looking into how the programme will work is headed by Adrian Gore, the CEO of Discovery. 

Business is also trying to accelerate the arrival of vaccines in the country, Nicolaou said.

“We need to change the public narrative,” he said.

“How do you, if at all, accelerate the timing?”

Edited by News24Wire

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION