Medshield is a not-for-profit medical scheme operating in South Africa, providing medical cover to approximately 165,401 beneficiaries at FY18. The scheme was established in 1996, following the amalgamation of Universal, Medicaid and Medcare medical aid schemes and is self-administered. The Stable Outlook reflects expectations that the scheme’s credit profile will continue to be underpinned by strong solvency and liquidity (catering for short term earnings weakness) and remedial actions aimed at curbing net healthcare losses.
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