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Draft Bill Publication of the Medical Schemes Amendment Bill

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To amend the Medical Schemes Act, 1998, so as to provide for risk equalisation among medical schemes; to amend and insert certain defintions; to provide for the establishment of a risk equalisation fund; to extend the functions of the Council for Medical Schemes; to provide for the application of risk equalisation to medical schemes, subject to certain exceptions; to provide for the provision of prescribed data by medical schemes to the Council for Medical Schemes for purposes of risk equalisation; to grant powers to the Minister to make regulations prescribing the methodology and procedures for risk equalisation; to provide for the early termination of office of a trustee or principal officer to be subject to approval by the Registrar; to amend the provieions relating to benefits provided by medical schemes; to amend the provisions relating to the composition of boards of trustees and eligibility of persons to serve as trustees or principal officers; to provide for overnight of the Registrar over election processes; to amend the provisions relating to disclosure of trustee remuneration; to provide for good corporate governance guidelines and associated disclosure requirements; to amend the provisions relating to the powers of the Minister to make regulations; to amend the provisions relating to offences; and to provide for matters in connection therewith.

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