The Employees Provident Fund is committed to overcoming challenges and finding solutions surrounding ageing and retirement.
MALAYSIA, which achieved the “ageing” nation status in 2021, will experience a surge in total health expenditure related to ageing. Increasing health expenditures could place additional financial strain on the national budget as the country rapidly transitions into an aged nation.
It is expected that, by 2030, 33% of the increase in total health expenditure will be related to ageing. This surge in health costs would hinder efficient resource allocation for crucial areas such as long-term care to promote healthy ageing.
