
Medical schemes push ahead with case over Covid test pricing
The Competition Tribunal has dismissed key objections from major pathology laboratories, moving the medical schemes closer to having their damages claim heard in the High Court.
The Competition Tribunal has dismissed key objections from major pathology laboratories, moving the medical schemes closer to having their damages claim heard in the High Court.
The Universal Healthcare Access Coalition says the proposed tariff-setting measures for private healthcare side-step essential reforms.
But the government cannot afford to set up an independent supply-side regulator as recommended by the Health Market Inquiry.
The Board of Health Funders has ‘serious reservations’ about giving the Department of Health the power to manage the block exemption negotiation process.
It says the Competition Commission’s ruling hampers access to affordable private healthcare and contradicts recommendations from the Health Market Inquiry.
The Department of Health labels a report of a compromise on NHI as ‘ridiculous and unfounded’.
The regulations relate to commercial dealings among small businesses and agreements between suppliers, customers, and distributors.
The bank also says it closed the accounts of some 190 clients in 2023 following ‘reviews of client activity and related reputational risks’.
The combined business will have assets under administration of more than R230 billion.
S. Bacher & Company is a distributor and wholesaler of brands such as Tommy Hilfiger and Hugo Boss.
The appeal will leave it up to the Constitutional Court to decide whether the competition authorities can investigate and prosecute foreign-based firms.
Investec has expressed its readiness to present its case in the Competition Tribunal after the Competition Appeal Court dismissed the rand-fixing case against several banks, including Standard Bank, FirstRand, and Nedbank, this week.
National Treasury will introduce the COFI Bill ‘very soon’ and amend the Financial Markets Act to tighten regulation of the country’s financial markets.
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