Medical Brief 270 - 12 Sep 2019
"Discovery has managed to build itself into a global health care giant, making it less reliant on its South African business. But CEO Adrian Gore has dismissed the idea it could shift focus from its local health business as plans to implement National Health Insurance (NHI) gain traction, reports BusinessLive.
On 5 September, Gore said the company did not predict any dramatic change in its strategic planning for the medical scheme administration business. Discovery administrates 14 medical schemes, including Discovery Health Medical Scheme.
“I think the appropriate view is that medical schemes have a very important role to play in the broader national health-care system, therefore in our planning cycle we don’t predict any dramatic change in the future,” Gore said.
He was speaking at the company’s annual results for the year ended in June, writes Penelope Mashego for Business Day.
Discovery’s share price declined by more than 8% in the week the NHI Bill was tabled last month, as the market reacted to the news. The government is aiming to fully implement NHI by 2026."
Read more:
https://www.medicalbrief.co.za/archives/gore-nhi-wont-shift-discoverys-focus-overseas/
