Preventative maintenance

HOMO SAPIENS WRITES:If you have an asset, you have to maintain it, in order to get a reliable return and longevity of service. Your health is your single most important asset in life. A “clean” mind and body is a prerequisite to a healthy and productive person.Why did Bankmed fail? It is managed for banks and a “board” consisting of financially skilled people, with MBA/BCom/chartered accountants, actuaries, lawyers and auditors. The business model has contributions/risks and cross subsidy, linked to benefits. According to Namaf, each medical aid must maintain a 25% reserve capacity. Every month there is an audit. Before you hit the red button of bankruptcy, you have an orange button, warning to slow down. You have time to review and revise strategy. Why as this not done? Why were warnings ignored?In 1912, the unsinkable Titanic steamed full speed ahead in a moonless night into an ice field. The rest is history, who is at fault?What does the financial post-mortem reveal? What was the role of the claim’s administrator, Methealth Namibia Administrators? Did they sound the alarm? Or were they in ostrich mode!We live in the 4th industrial revolution. Everything can be measured and monitored. A thumb suck opinion is often nothing more than pride and prejudice. Link this to incompetence and corruption and the Titanic and BankMed sinks.A medical aid is there to assist members to meet medical expenses, but also to promote a healthy lifestyle. Red flags must be identified and preventative maintenance exercised.The member, the service supplier and the medical aid are in a mutually trusted beneficial partnership. For the common good.Good habits like compound bank interest leads to prosperity.Primary health care (preventative maintenance) is for all ages, not just for mothers and children.Use your conscience (your referee) and your common sense to protect your assets.* Rubrieke, meningstukke, briewe en SMS’e deur lesers en meningvormers weerspieël nie noodwendig die siening van Republikein of Namibia Media Holdings (NMH) nie. As mediahuis onderskryf NMH die etiese kode vir Namibiese media, soos toegepas deur die Media-ombudsman.

Preventative maintenance

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Republikein 2025-05-02

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Preventative maintenance

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Republikein 2025-05-02

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