From 2010 to 2014, premium rate increased by an average of 12% per year, driven by high inflation in healthcare costs. This was revealed in a joint statement by three insurance associations
PETALING JAYA: The Customs Department has dispelled talk that private healthcare charges would rise by 5% with the Goods and Services Tax (GST), saying that it is expected to go up by just between 1% and 2%.
“The statement on the increase in healthcare costs by 5% is not only incorrect but is creating panic and confusion among patients,” Customs director-general Datuk Seri Khazali Ahmad said.
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