A presentation made by the Namibian Association of Medical Aid Funds (Namaf) to the Namibia Medical Care board of trustees has revealed that 96% of medical aid companies are at risk of closing down, starting next year.
The Namibia Financial Institutions Supervisory Authority (Namfisa) says its prudential supervision of medical aid funds does not necessarily prevent the liquidation or voluntary dissolution of medical aid funds, but merely reduces the likelihood thereof.
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