By Michael Gwarisa The Association of Healthcare Funders of Zimbabwe (AHFoZ) has raised alarm over the proposed Insurance and Pensions Commission (IPEC) Amendment Bill of 2024, warning that the new regulations could destabilize the country’s medical aid system and lead to its eventual collapse. The Bill, which seeks to classify Medical Aid Societies under financial services for regulation by IPEC, has sparked widespread concern among healthcare stakeholders who argue that the move could have far-reaching consequences for both the medical aid sector and the broader healthcare ecosystem. The proposed legislation,…
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Medical Aid Companies Urged To Be Innovative
By Michael Gwarisa Health and Child Care Minister, Dr Douglass Mombeshora has called Medical Aid and Health Insurance companies to provide services that respond directly to the ever-changing health landscape And emerging challenges. He said this while officially opening the 15th edition of the Association for Healthcare Funders of Zimbabwe (AHFoZ) Annual All Stakeholders Conference on Health IN Victoria Falls. The conference is running under the theme “Zooming in on Health Outcomes – “Making the Main Thing the Main Thing.” As you gather at this year’s AHFoZ conference, whose agenda…
Read MoreMedical Aid Industry Representative Body Optimistic About Zig Currency
By Michael Gwarisa The Association of Healthcare Funders of Zimbabwe (AHFoZ), the representative body for the medical aid industry in the country, has thrown its weight behind the newly introduced Zimbabwe Gold (Zig). The new endorsement comes in the wake of mixed reactions following the introduction of the currency, with some players in the medical aid industry raising fears around the sustainability and continuity of the Zig currency since it was launched through a Statutory Instrument (Statutory Instrument 60 of 2024), which in most cases has a shorter shelf life.…
Read MoreZim Spectacles Medical Aid Claims Balloon To ZW$10 Billion
By Michael Gwarisa The prevailing inflationary environment has eroded the value of local currency-denominated medical aid packages, resulting in claims for Spectacles going through the ceiling over the past 12 months. While the volume of annual spectacle claims has been declining over the period 2021 to 2023, the same cannot be said about the values of both foreign currency and local currency-denominated spectacle claims. Speaking in an exclusive interview with HealthTimes, Association of Healthcare Funders Zimbabwe (AHFoZ) Chief Executive Officer, Ms Shylet Sanyanga said volumes of annual spectacles claims have…
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