#OPNION: Government Moves To Regulate Medical Aid Societies: This Doesn’t Sound Like A Very Brilliant Idea

GOVERNMENT recently announced that cabinet had deliberated and considered the submissions made on the Regulation of Medical Aid Space Societies as proposed in the Insurance and Pensions Commission Bill, which were presented by Vice President as Minister of Health and Child Care, Dr Constantino Chiwenga. By Michael Gwarisa According to information minister, Senator Monica Mutsvangwa, they had realised that since medical aid societies were not for profit enterprises and represent members’ efforts to pool funds to assist in covering health bills and expenses, it was best international practice for such…

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Its Legal For Banks,Retailers To Sale Health Insurance- IPEC

THE Insurance and Pension Commission of Zimbabwe (IPEC) says there is no law that barres retailers, banks or mobile phone operating companies from selling health insurance products since most of these players are operating as corporate agents on behalf of registered insurance companies. By Michael Gwarisa This is however despite the growing calls by players in the insurance sector for government and insurance regulator IPEC, to level the playing field as insurers feel the presence of banks, retailers or mobile players is threatening profitability and sustainability of traditional insurance companies. In…

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