Bomaid strives on with service excellence
Friday, August 11, 2017
Mokgosana
BusinessWeek: What schemes do Bomaid offer and how many members does it have?
Mokgosana: Bomaid is the largest open medical aid fund in Botswana commanding 51% market share, with over 39,000 principal members and 85,000 total lives. The fund offers health insurance to corporate and individual members across various income and age groups with the most innovative and diverse products, which are highly competitive and affordable. The fund has a number of inpatient and outpatient schemes for a broad range of conditions.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...