South African insurer Discovery to set up retail bank

South African insurer Discovery Ltd is pushing into retail banking with an initial $150 million investment, a move that will pit it against five established banks in a fiercely competitive market. “We have never ever been first to market, we have always been more of a disrupter,” Adrian Gore, founder and chief executive of Discovery, said on Thursday. “The behavioural model that we have has a great value in the banking space.” Founded in 1992, Discovery’s model is linked to a behaviour tracking programme that rewards its health and life insurance clients for healthy lifestyles, paying for gym memberships or offering cash back on money spent at healthy restaurants.
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The Rules of Eating Organic

The Rules of Eating OrganicBy Samuel Blackstone for DETAILS.(photo: Getty Images)Do enough research on organic food production, and you&;ll find so many different conclusions, you&039;ll end back where you started–unsure if they&039;re really worth it. Studies come out concluding that there aren&039;t any nutritional differences between organic and conventionally produced foods….

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Patients steered to fewer pharmacies may fill more prescriptions

By Lisa Rapaport (Reuters Health) – When patients have drug benefits that encourage them to save money by using certain pharmacies, they may end up filling more prescriptions, a company-funded study suggests. Narrow pharmacy networks that cover prescriptions only at certain retailers and drug benefits that offer consumers lower out-of-pocket fees at a subset of preferred pharmacies have become more common in recent years as a way to limit premium increases and curb drug spending. The plans have raised concerns that restricting coverage to certain drugstores might make some people less likely to fill prescriptions, especially if the in-network retailers are too far away, said senior study author Dr. William Shrank, chief scientific officer at CVS Health.
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