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Of grave concern

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13 December
๐—ง๐—ต๐—ถ๐˜€ ๐˜€๐˜๐—ผ๐—ฟ๐˜† ๐—ผ๐—ฟ๐—ถ๐—ด๐—ถ๐—ป๐—ฎ๐—น๐—น๐˜† ๐—ฎ๐—ถ๐—ฟ๐—ฒ๐—ฑ ๐—ผ๐—ป ๐Ÿฎ๐Ÿฌ ๐—ก๐—ผ๐˜ƒ๐—ฒ๐—บ๐—ฏ๐—ฒ๐—ฟ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฎ. Death is a growing business and South Africans are known to spare no expense when burying a loved one, with the average funeral costing about 13% of the annual average wage. Itโ€™s a massive cost, but with the promise of peace of mind and the opportunity to provide relatives with a dignified send-off, millions of South Africans are lining up for funeral policies. But what happens when a trusted funeral policy provider lets grieving relatives down in their time of need? Carte Blanche investigates a well-known service provider which has seemingly left its clients in the lurch. Your favourite episodes are now available on Carte Blanche: The Podcast: https://bit.ly/PodcastCB
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๐—ง๐—ต๐—ถ๐˜€ ๐˜€๐˜๐—ผ๐—ฟ๐˜† ๐—ผ๐—ฟ๐—ถ๐—ด๐—ถ๐—ป๐—ฎ๐—น๐—น๐˜† ๐—ฎ๐—ถ๐—ฟ๐—ฒ๐—ฑ ๐—ผ๐—ป ๐Ÿฎ๐Ÿฑ ๐—ฆ๐—ฒ๐—ฝ๐˜๐—ฒ๐—บ๐—ฏ๐—ฒ๐—ฟ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฎ. Is it a case of money before members? Health Squared sold itself as a โ€˜dynamic, new-age medical scheme that is continuously challenging the status quo by delivering more of the healthcare benefits you needโ€™. But for three years, it operated well under the mandatory solvency threshold of 25 percent without a word of caution to its members. Even as the financial situation deteriorated post-pandemic, with a rapidly dwindling membership and an above-average claims ratio from pensioners, members were oblivious that the writing was on the wall. When the axe finally fell, and the scheme applied for voluntary liquidation, members on chronic treatment for life-threatening diseases had mere days to scramble for alternative cover. The bombshell came in defiance of a bid by the Council for Medical Schemes to appoint a curator to protect members. In a lifeline to some, the court ruled that 54 members on dialysis would have their treatment and medication covered until the end of September, or until they joined another scheme. Carte Blanche investigates what this means for patients experiencing grave, life-altering risks. Your favourite episodes are now available on Carte Blanche: The Podcast: https://bit.ly/PodcastCB