Chronicle Editor
FIRST Mutual Health is set to increase medical aid monthly contributions by 35 percent with effect from 1 March 2019, as it seeks to track spiralling drug and hospital fees.
In a letter to corporate clients dated 29 January, First Mutual said it has borne too much costs in the last four months as it had to pay more to service providers, who have been arbitrarily increasing prices.
Reads the letter; “During the past four months, we have noted a significant increase in the cost of health services.
“Drug and sundry costs have gone up by over 300 percent while hospital fees have increased by at least 100 percent. The Scheme has been absorbing the costs while continuing to engage service providers in an effort to find a viable solution.
ALL SHARE
The All Share index closed the week in red after dropping 1.56 points (1,02 percent) to close at 151.68 points. SeedCo International led the shakers with a $0,2416 loss to end at $1,7584, Innscor traded $0,2000 weaker at $1,8000 and Cassava Smartech was $0,0153 down at $1,4536. First Mutual Limited eased $0,0005 to settle at $0,1400 and Bindura was $0,0004 lower at $0,0856.
Losses were partially offset by gains in Old Mutual Limited which added $0,0263 to settle at $9,1999, PPC gained $0,0200 to end at $1,9000 and OK Zimbabwe was $0,0040 stronger at $0,2856. Delta also increased by $0,0038 to $2,8020 and Meikles was $0,0021 firmer at $0,5200.
Online Reporter