Saturday, September 19, 2026
Subscribe
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • E-PAPERreader
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • E-PAPERreader
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
Home Latest

Govt struggles with PSEMAS ballooning costs

by editor
November 8, 2021
in Latest
6
A A

The Ministry of Finance says it is planning to review the Public Servants Employee Medical Aid Scheme (PSEMAS) following a continued steep rise in operating costs.

This comes as the State-owned medical aid was allocated an additional N$230 million in the Mid-Year Budget Review, consisting of N$200 million for funding shortfalls because of increased claims due to the third wave of COVID-19 and N$30 million for subscription fees on top of N$2.6 billion already allocated for the current financial year.

To mitigate the continued ballooning operating costs of the scheme, which has over 290 000 members, the Finance ministry said it will implement reforms such as re-registration of PSEMAS members and dependents, collect arrears of non-contributing members, review contracts of PSEMAS Health Service Provider and review the administration of the schemes contract.

Finance ministry Acting Executive director, Francois Brand, said consultants led by Dr Johann Van Zyl, will provide actuarial and technical services as part of the scheme’s review, and will be expected to report back by the end of December.

“The consultancy will among others, include an examination into the Benefits and Contribution Structure, PSEMAS Tariff and overall PSEMAS Governance and Administration model,” he said.

The government department also advised that a review of PSEMAS tariff, which has become a bone of contention with Health Care Service Providers, will only be possible upon completion of on-going structural reforms of the scheme.

The Namibia Dental Association recently announced that its members will cease offering services to PSEMAS members at the current tariff, demanding an upward review.

“While fully cognisant of the need to have the PSEMAS tariffs increased, we have informed the Association and other Health Care Service Providers of the on-going PSEMAS Structural Reform that is aimed at restructuring the scheme to achieve internal cost savings and alternative modes of service provision and that the issue of tariffs is part of the reform,” the Finance ministry said.

“We would like to reiterate that the Ministry of Finance takes the issues raised by the Association as serious, thus is working determinedly to ensure that the PSEMAS reform is delivered within the set time frames.”

In September the Finance ministry terminated benefits to 15 162 former civil servants who were not contributing the required fees but remained covered.

 

 

 

 

 

author avatar
editor
See Full Bio
Previous Post

Dubai wants private and family-owned businesses to list on its stock market

Next Post

Minerals, metals drive Namibia’s AGOA exports

Must Read

Person pushing a metal shopping cart filled with white and green plastic bags in a store aisle
Latest

New Consumer Protection Agency planned to strengthen consumer rights in Namibia

September 18, 2026
Windhoek building approvals jump to N$145m in February
Latest

Windhoek building approvals fall to N$161.9 million in August

September 18, 2026
Toyota leads Namibia vehicle sales with over 50% market share
Latest

Toyota dominates Namibia vehicle market as August sales fall 10%

September 18, 2026
Why Humility Is the New Competitive Advantage in Leadership
Latest

If you don’t open your eyes, someone else will decide your path

September 18, 2026
White industrial complex with three garage bays and signs for AUAS MOTORS and GLASFIT under a clear blue sky.
Latest

Nictus targets airport rental fleets with new automotive service hub

September 17, 2026
ECB bans weekend power disconnections, introduces mandatory 24-hour notice
Latest

Amutse puts electrification agencies on notice over project delays

September 16, 2026
Load More

Related News

Phase 1 of Windhoek District Hospital 40% complete, on track for 2025

Phase 1 of Windhoek District Hospital 40% complete, on track for 2025

October 24, 2025
Interview preparation starts way before you’re called for an interview

Interview preparation starts way before you’re called for an interview

May 8, 2025
Geingob considers Masisi’s advice on De Beers

Geingob considers Masisi’s advice on De Beers

March 22, 2023

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • e-edition
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • Namibia
  • namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • e-edition
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2026 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2026 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.