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Govt Disburses $3.7 Billion To PSMAS In 2022

The Government says it has disbursed over ZWL$3.7 billion to Premier Services Medical Aid Society (PSMAS) since January to ensure the company’s long-term viability and ensure medical insurance for civil servants.

In a statement, Public Service Commission (PSC) secretary, Jonathan Wutawunashe said the Government is assessing an additional US$1 million funding request by PSMAS which he said will be released soon.

Wutawunashe said disbursements made to PSMAS amount to ZWL$3,790,919,745 from January to May this year, while the pay-out for June is expected this week. He said:

Given the importance of healthcare service as a non-monetary benefit to civil servants, Government’s timely interventions included financial support in the form of both local ZWL currency and USD for purposes of liquidating third-party creditors and purchase of medical drugs.

Wutawunashe said the Government agreed with PSMAS that 60 per cent of its financial support would go towards “liquidating third-party creditors, PSMI (Premier Services Medical Investment (Pvt) Ltd) included; while 40 per cent would be channelled towards PSMAS operations”. He added:

Through the liquidation of third-party creditors and Government’s continuous engagement with PSMAS, once again, the PSMAS card will be accepted in the market and co-payment requirements scrapped.

… In the meantime, Government appreciates the decision by the Regulator to institute a forensic audit at PSMAS which is expected to generate recommendations on how to deepen and expand appropriate governance processes and effective financial management systems in support of providing efficient, effective and equitable medical services to its workers.

PSMAS is the largest private healthcare service provider in Zimbabwe.

The company caters for the majority of civil servants who are members of the scheme through its hospitals, clinics, pharmacies and laboratories.

PSMAS was founded by civil servants to provide medical cover to members at a reasonable cost.

The Government contributes 80 per cent of premiums, while members pay 20 per cent.

More: The Sunday Mail

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