Samwumed

samwumed.org zoominfo.com/c/samwumed/346685548 SAMWUMED (founded 1952, Cape Town) is a closed, self-administered medical aid scheme serving South African municipal workers — roughly 35,000 members and 73,000 covered lives. It collects about R1.9 billion/year in contributions, kept reserves over R1.3 billion and posted a R14.3 million surplus in 2024 (solvency 68% vs the 25% legal minimum). Plans are income-banded and cheap (from ~R750/month with a 60% employer subsidy), covering hospitals, doctors, medication, dentistry and optics. Led by Principal Officer Francina Mosoeu with a union-appointed board, it administers benefits with Medscheme across a network of private hospital groups. Key problems right now: membership shrinking ~15%/year as young people leave, and an ongoing court battle with the Melomed hospital group over contract exclusions — plus the long-term threat of national health insurance reform.