Staff Reporter
PREMIER Medical Aid Society (PSMAS) is currently experiencing a massive exodus of subscribers owing to the continued decline is quality service among a host of other ills bedeviling the medical aid firm.
PSMAS board chair Jeremiah Bvirindi recently told The Daily News that the company was experiencing a myriad of woes chief among them being the massive decline in revenue which has gone down by $8 million owing to a decrease in the subscriber base.
“The subscription income went down from $250 million to $242 million. The cash flow remained remained subdued during the year with only 70 percent of the subscription income being realised as cash by the society. This saw the amount owed to the society increasing,” said Bvirindi.
According to reports, most health centers and pharmacies are rejecting PSMAS medical aid cards making it difficult for subscribers to purchase life saving drugs.
