The construction of a price index for contributions to South African open medical schemes

Journal Article

2013

Permanent link to this Item
http://hdl.handle.net/11427/19265
 http://www.ajol.info/index.php/saaj/article/view/96739
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Ramjee_MedicalSchemes_2013.pdf (349.04 KB)
Authors
Ramjee, S
Kooverjee, A
Dreyer, K A
Journal Title

South African Actuarial Journal

Link to Journal
http://www.actuarialsociety.org.za/Professionalresources/SAActuarialJournal.aspx
Journal ISSN
Volume Title
Publisher

Acturial Society of South Africa

Publisher

University of Cape Town

Department
School of Management Studies
Faculty
Faculty of Commerce
License

http://creativecommons.org/licenses/by/4.0/

Series
Abstract
An accurate measure of the change in the price of medical-scheme cover over time is necessary to inform health and social-security policy, and would provide consumers, employers and the regulator with a useful benchmark. A medical-scheme contribution index based on gross contributions to open medical schemes is constructed using the Paasche formula and a sample of schemes for the period 2006 to 2010. The results of the index indicate a 17,48% increase in real contributions over the period.
Description
Keywords
South Africa
medical schemes
price index

Reference:

Ramjee, S., Kooverjee, A., & Dreyer, K. A. (2013). The construction of a price index for contributions to South African open medical schemes. South African Actuarial Journal, 13(1), 1-20.

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