Why Was Health Squared Liquidated
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Press Release 13 of 2022: The collapse of Health …
(Just Now) WebIn addition to this, Health Squared stated that it experienced substantial member loss which led to a solvency decline which by the end of July 2022 was at 2.15% and was projected to be between 0.2% and …
https://www.medicalschemes.co.za/collapse-of-health-squared/
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Health Squared liquidation: regulator intervenes to help members
(3 days ago) WebRead “Health Squared Medical Scheme applies to be liquidated”. Today, the Council for Medical Schemes (CMS) released a statement saying it would try to help members transfer to other schemes.
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Medical schemes regulator engages other schemes to help Health …
(Just Now) WebHealth Squared claims high Covid-19 claims expenditure was the primary driver of the financial deterioration of the scheme during 2020 and 2021, with the scheme particularly impacted relative to
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Regulator gets its way on the fate of Health Squared - BusinessLIVE
(9 days ago) WebHealth Squared, the embattled medical scheme that last month sought voluntary liquidation, has been placed under provisional curatorship with effect from September 8.
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Lifeline talks for 38,000 people hit by Health Squared - TimesLIVE
(Just Now) WebThe Medical Schemes Act requires schemes to maintain a minimum solvency level of 25% as a buffer against an unexpected surge in claims, but Health Squared’s solvency ratio was already below that
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Health Squared Medical Scheme members face penalties, waiting …
(4 days ago) WebThe CMS held meetings with about eight medical schemes before Health Squared approached the court for voluntary liquidation. CMS registrar and CEO Sipho Kabane said the regulator tried to persuade these schemes to accept Health Squared members without levying late joiner penalties or waiting periods. But those negotiations …
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Health Squared medical scheme seeks voluntary liquidation
(9 days ago) WebPicture: 123RF/RONSTIK. A small medical scheme called Health Squared has applied to the high court in Johannesburg for voluntary liquidation after its efforts to merge with bigger and more
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Maladministration may have been a main cause of Health …
(Just Now) WebJudge J Wright ordered that Health Squared’s liquidation application be postponed until a number of other high court applications have been finally determined, or the facts and circumstances
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Health Squared granted leave to apply to wind up its business
(3 days ago) Web05 September 2022 - 17:42. by Tamar Kahn. The high court in Johannesburg has granted Health Squared Medical Scheme leave to apply for voluntary liquidation on September 27, but has yet to decide
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Press Release 9 of 2022: Health Squared members urged to wait …
(4 days ago) WebThe Council for Medical Schemes (CMS) will oppose the liquidation application by Health Squared Medical Scheme. Health Squared Medical Scheme approached the High Court on 18 August 2022, in terms of Section 51 of the Medical Schemes Act (131 of 1998) (MSA) due for leave to apply for the voluntary winding up of …
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Health Squared Medical Scheme placed under provisional
(9 days ago) WebThe CMS said it brought the curatorship application to examine the actual financial position of the scheme and oversee the liquidation process. This follows Health Squared Medical Scheme, which
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Health Squared Medical Scheme applies to be liquidated - IOL
(4 days ago) WebHealth Squared Medical Scheme, a small open scheme with about 48 000 members, has applied to the High Court for voluntary liquidation after running into serious financial difficulties in the past
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Health Squared clients must scramble to find alternative
(6 days ago) WebHealth Squared took the industry by surprise two weeks ago by applying to the high court for voluntary liquidation, advising its 23,785 members their “health events” would only be covered
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Health Squared gets leave to apply for voluntary liquidation
(2 days ago) WebSeptember 7, 2022. After its initial application for voluntary liquidation was opposed by the Council for Medical Schemes (CMS) registrar, who wanted to place the scheme under curatorship and then wind it up, the Johannesburg High Court has granted Health Squared Medical Scheme leave to apply for voluntary liquidation on 27 September, but has
https://www.medicalbrief.co.za/health-squared-gets-leave-to-apply-for-voluntary-liquidation/
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Health Squared medical scheme seeks voluntary liquidation
(4 days ago) Web2022-08-24. Health Squared medical scheme seeks voluntary liquidation22 AUGUST 2022. Members have to scramble to join other schemes after six amalgamation efforts failed. A small medical scheme called Health Squared has applied to the high court in Johannesburg for voluntary liquidation after its efforts to merge with bigger and more
https://medinol.co.za/health-squared-medical-scheme-liquidation/
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Health Squared members on their own as transfer talks collapse
(4 days ago) Web01 September 2022 - 12:15. by Tamar Kahn. The medical scheme regulator’s attempt to broker an 11th-hour deal to transfer members of Health Squared to other schemes without waiting periods has
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Migration dispensation for Health Squared medical scheme …
(7 days ago) WebThe CMS will oppose the liquidation application by Health Squared Medical Scheme tomorrow, 1 September 2022. Besides the CMS, the Nephrology Society filed intervening affidavits to postpone the liquidation for two months. The court is expected to rule whether it grants Health Squared Medical Scheme permission to bring the …
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Health Squared Medical Scheme liquidator appointed
(4 days ago) WebHealth Squared Medical Scheme was formed by a merger between Spectramed Medical Scheme (Spectramed) and Resolution Health Medical Scheme (Resolution). At the time of the merger, both medical schemes could be described as failing entities. The scheme went under a curatorship process up until the current state – …
https://www.medicalschemes.co.za/health-squared-medical-scheme-liquidator-appointed/
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Health Squared Liquidation Medical scheme members still in …
(3 days ago) WebHealth Squared sent shock waves through the medical schemes industry with its liquidation announcement saying cover would end on 31 August. This week attempts to persuade other schemes to accept
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Health Squared Medical Scheme under liquidation - The South …
(7 days ago) Web12-09-2022 20:25. in Lifestyle. Health Squared Medical Scheme under liquidation. Image via Unsplash. Health Squared Medical Scheme has advised its members that the Scheme has been voluntarily
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Did Health Squared orchestrate its own liquidation? - Moneyweb
(6 days ago) WebHealth Squared’s management lodged the application to liquidate the scheme on 18 August, and advised its members that the voluntary winding up would be effective from 1 September. However
https://www.moneyweb.co.za/news/south-africa/did-health-squared-orchestrate-its-own-liquidation/
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CMS to oppose Health Squared’s bid for voluntary liquidation
(8 days ago) WebIn a letter to members, dated 18 August, Health Squared advised its members “to seriously consider taking steps” to join other schemes from 1 September because the trustees have resolved to apply for the scheme’s voluntary liquidation as a matter of urgency. On Monday, the CMS filed notice of its intention to oppose Health …
https://www.moonstone.co.za/cms-to-oppose-health-squareds-bid-for-voluntary-liquidation/
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Protests at UCLA turn violent as schools tear down encampments, …
(Just Now) WebMembers of pro-Palestinian and pro-Israel groups in Los Angeles clashed, with reports of fireworks and pepper spray use. Elsewhere, universities are tearing down encampments and arresting students.
https://www.npr.org/2024/05/01/1248433624/protests-campus-ucla-universities-israel-gaza-palestinians
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Regulator in urgent talks to secure cover for Health Squared …
(8 days ago) WebUPDATED 23 August 2022 - 21:09. by Tamar Kahn. The medical schemes regulator is in urgent talks with seven of SA’s biggest open medical schemes to absorb Health Squared members, who were sent
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