Regulator gets its way on the fate of Health Squared
Health Squared, the embattled medical scheme that last month sought voluntary liquidation, has been placed under provisional curatorship from 8 September 2022. According to previous reports, liquidations are rare in the medical schemes industry. But the circumstances surrounding this one are particularly unusual because there’s no formal arrangement to transfer members to another scheme without a break in cover. The CMS has faced criticism for failing to act sooner and ignoring recommendations from concerned stakeholders that the scheme is investigated for possible irregularities.
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