The Competition Commission of South Africa has proposed that a supply-side health regulator be introduced to better regulate the private healthcare sector.
On Monday, September 30, the Commission released its final findings and recommendations on its healthcare market inquiry. Barriers to effective competition in the private healthcare sector mean that Netcare, Mediclinic, and Life Healthcare control 80% of the private healthcare market.
The Commission has found that anti-competitive practices have fuelled increasingly unaffordable healthcare costs, reports EWN’s Nthakoana Ngatane. “According to the panel, the regulatory environment is almost non-existent, which is why the three main players in this game have had the power to do as they please,” said Nthakoana Ngatane.
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