On 2024-10-21 10:08:19 Theand said:


Banks, insurance companies and health insurance will look at WG and create a risk profile. TLDR You will be high risk.

High Interest Rates + High Premiums = Increased Opex

Suddenly, that R800/Hour is now R2000/hour.
Suddenly there will be a quick dwindle of clientele.
So essentially WG are still fucked but the irony being they are getting proper fucked by what is meant to protect and improve their situation.
And despite all this change will create another form of black market.
And then to top it all off, TAXES.

Um, not really. 1) When a bank prices for "risk" they're assessing how reliable your income stream is, not how dangerous your job is. If a WG could demonstrate that she reliably brings in Rx a month, she would be offered an interest rate on par with any other self-employed person with a similar income stream.

2) It is literally illegal for medical aids to price discriminate (i.e charge based on individual risk). Everyone who chooses the same plan (say the discovery executive classic plan or whatever) pays the same price. (That's the difference between medical aid and health insurance). The only ones that can, are those small scale "hospital plans" but they make up a tiny share of the heath market.