Managing medical costs and insurance premiums

Quick Summary:

Everyone is talking about rising medical inflation and health insurance premiums, which have added to households’ financial burden.

Medical inflation increased by 0.4% pa in 2021-2023 and 1.4% in January-October 2024, while that of healthcare-related insurance inflation increased 0.9% pa in 2021-2023 and zero growth in January-October 2024.

Rising healthcare cost trends associated with the adoption of technology diagnostic equipment, medical apparatus, costly drugs and medicines, salaries for the healthcare workforce, the treatment of high comorbidities, emergence of new and old infectious diseases, ageing demographics and non-surgical costs.

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Article Details

Author / Journalist: Lee Heng Guie

Category: EconomyBusiness

Markets: Malaysia

Topics: PolicyReform InsurancePremiums Commentary HealthInsurance /Business/Insight EconomicImpact PriceTransparency HealthcareCosts MedicalInflation UniversalHealthcare

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 00:00:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 1535 words

Reading Time: 9 minutes read

Sentences: 74 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 24540414

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 48 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 24 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

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