• Matchmaker businesses

    Multisided platforms can create huge value for society and fortunes for entrepreneurs, says Ian Mann.

  • Future imperfect

    A lack of compassion with ordinary people is crucial to SA’s failures, says Mandi Smallhorne.

  • Will Gordhan be fired?

    An economist ponders the top question concerning those who control international capital flows.

All data is delayed
See More

Discovery: Cost of healthcare justifiable

May 30 2013 10:04

Johannesburg - People should look beyond just the price when analysing healthcare costs, Discovery Health said this week.

"It is not just tariffs or prices. It’s also the volume of services that are consumed and those are impacted on by many factors. For example, the shortage of doctors, the growing burden of chronic disease, the new technology that is available in healthcare which comes at a high cost," Discovery Health CEO Jonathan Broomberg told reporters in Sandton.

"All of those factors contribute to a growing use of services, which is over and above the actual price impact on inflation.

"It is not just what is being charged [for healthcare] but also what is being consumed."

Broomberg said, on average, South African healthcare inflation was 3% above consumer price inflation.

"That is the pattern: it is high and it impacts on consumers, but it is not the highest in the world."

Broomberg said that in a recent international study on health inflation among 52 countries, South Africa was eighth lowest.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

discovery health  |  south africa


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Do you use all your downloaded apps on your smartphone?

Previous results · Suggest a vote