Global Credit Ratings rewards Medshield for paying ability

 Marc Joffe, GCR Vice President commented on Medshield’s position of strength and said that Medshield’s successive increases in reserves have been, in part, as a result of sizeable net surpluses over the last four years. In addition, Joffe noted the sizeable and well diversified investment portfolio displayed by the scheme, as well as its sound liquidity levels.Medshield Chairman, Peter Moyanga, responds, “We’ve been saying for some time now that Medshield is a medical aid force to be reckoned with. The Global Credit Ratings findings are further proof to existing and potential customers that Medshield is a first rate choice of medical aid.He continues, “The results are testament to the tight fiscal management that Medshield’s Board has embarked on. And the real success is that this control has not been to the detriment of Medshield’s members, given the fantastic benefits they enjoy.”Moyanga concludes, “We are very proud of what Medshield has to offer South Africans in the way of quality and affordable healthcare. This excellent credit rating translates into even more peace of mind for consumers, who want to partner with a medical scheme that they know won’t let them down when they need it most.”Medshield is making great strides into the private sector market and is confident that its product offering will speak for itself. Along with receiving good value for money, South Africans want to know that they won’t encounter problems with claim payouts. During times of ill-health dissatisfied medical practitioners will only add to an already stressful situation. Medshield understands this and has worked hard to ensure that customers won’t have to endure this embarrassment.Contact Details Name : Elizabeth Senger Company : Medshield Phone :021 425 7111 Email : elizabeth@trafficonline.co.za URL : www.medshield.co.zaNote to the EditorAbout Medshield: Medshield is South Africa’s fifth largest medical aid scheme. At present, Medshield has over 70, 000 principal members, with a total of approximately 180, 000 lives covered by the scheme. As of the end of December 2005, Medshield had a solvency level of 54.8%.