This follows a complaint lodged with the commission by the
NPPF contends that Namaf lacks the statutory power to set the Namaf benchmark tariffs and that such practice is in any event prohibited by the laws governing competition. The NPPF also raised concerns over the laws that create the management structure of Namaf. Namaf management consists of representatives from medical aid funds while Namaf also controls medical aid funds.
The inquiry found that there is severe lack of transparency with all open funds, and even their regulator, Namfisa, refuses to provide public documents such as annual financial statements. It was argued by the funds and Namfisa that these statements are no longer public in the public domain.
The inquiry by ISG also found numerous instances of conflict of interest on the part of persons managing the funds, the administrators, as well as Namaf.
It became clear that neither Namaf nor the medical aid funds it controls had any intention of doing away with the setting and applying of the Namaf benchmark of tariffs.
During 2011, the NPPF requested the
The management of Namaf and the funds denied this allegation.
The notice by the NaCC to the medical aid fund association allows each party 30 days to provide the commission with further submissions.
The notice reads that the commission proposes to make a decision that has been infringed and it considers to seek relief from the
Based on 10% of the 2012 contributions to the nine medical aid funds alone, the possible penalty can exceed an accumulative N$192 million.
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