The Premier Service Medical Aid Society (PSMAS) has refuted reports that it will close next year.
In a statement, PSMAS, which is the country’s largest medical aid service provider, said the claims are malicious and meant to tarnish its reputation. It said:
Premier Service Medical Aid Society notes with concern rumours circulating on various platforms of its alleged closure from 2023.
The society categorically dismisses these rumours as not only false, malicious and misleading but bent on tarnishing the organisation’s image and reputation.
Contrary to these misplaced assertions, PSMAS is not closing shop in 2023 or in the foreseeable future.
The regulator of medical aid societies, the society is undergoing a transformational process meant to effectively address the challenges the organization faced in the recent past.
The company acknowledged that it is facing challenges but insisted that it is still able to fund healthcare needs for its members. It said:
PSMAS acknowledges the challenges at its investment arm, Premier Medical Services Investments (PSMI).
The responsible authorities are seized with and are working flat out to restore these challenges and restore normalcy at PSMI.
PSMAS wishes to assure its customers and stakeholders that the challenges at PSMI do not have a direct impact on its operational mandate which is to fund healthcare needs for its members.