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(From Business Day (South Africa))
Byline: Lynn Carlisle
Inefficient trustees come under fire TRUSTEES do not always serve the interests of medical-scheme members as they should.
Bernie Clark, deputy head of Alexander Forbes Health Care Consultants, says that in the annual report of the Council for Medical Schemes, the registrar of medical schemes refers to considerable resources being devoted to dealing with governance failure.
This remains a major concern in the industry, even though there is clearly good governance applied by the vast majority of trustees. However, at least seven open medical schemes, representing 230|000 families, are …