Malaysia may see soaring healthcare cost

[superadmin]

“On average, the Gross Medical Inflation for Malaysia was 15.3% in 2018, 16.1% in 2019 and 14% this year.

A RECENT survey by a global firm showed that while certain nations may see a decline in healthcare costs, several others may also see a spike in the future.

As for Malaysia, this year’s rate will be carried across next year, which is 14%.

The report, entitled Aon’s 2021 Global Medical Trend Reports, also showed that Malaysia’s healthcare cost is one of the highest in the region.

In an email to FocusM, Aon Head of Wellbeing Solutions (South Asia and Aon Care) Dr Amitabh Deka said Malaysia has seen a rise in medical inflation in recent years, due to certain determinants.

“On average, the Gross Medical Inflation for Malaysia was 15.3% in 2018, 16.1% in 2019 and 14% this year.

“In terms of demand, with an ageing population, the utilisation of healthcare services has increased in families. Ageing not just leads to higher vulnerability to diseases but also to higher incidences of co-morbidities (more than one disease conditions existing together).


- More -