For some time now, there had been talk of the forthcoming amalgamation of two big medical aid schemes which serve both Local Government and the open market. This amalgamation resulted in a scheme serving the various sectors with a membership of over 150 000 members - KeyHealth.
The scheme represents the largest number of Local Government and has a large membership in the open market.
This amalgamation had no effect on the Munimed and Global Health members position, as a new scheme was not started - it was merely formed out of the joining of two stalwarts in the medical aid field. Both had a proven track record and together over 80 years of experience of providing service to the Local Government environment and many years in the open market.
Both Boards of Trustees and management of the two schemes, with the assistance of independent consultants, had been hard at work for two years, going over every possible detail of the transaction, and the answer from all sides was a resounding and unanimous affirmative vote to the amalgamation of the two schemes.
