BROKE GOVT FINALLY PAYS PSMAS

Premier Medical Aid Society has received at least $80,9 million from Government to date with the bulk of the money going to its investment arm, Premier Service Medical Investments for the procurement of drugs and working capital.

PSMI owns clinics and pharmacies that have been experiencing shortages of drugs and failing to pay workers’ salaries on time.

In a statement yesterday, PSMAS managing director Mr Henry Mandishona, said of the $80,9 million it received, $75,3 million had gone to PSMI leaving the remainder ($5,6 million) to be shared by other service providers.

He, however, said the society continued to face operational challenges.
“The society continues to operate in a challenging environment characterised by declining business volumes coupled with reduced propensity and capacity to spend. The coming in of the above challenges meant that the society had to review its payment model so as to ensure maximum utility for the scarce resources.”

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