I WAS shocked when I read that insurance premiums are expected to increase by 30% this year. I am sure most medical insurance policyholders did not see this coming as insurance premiums recorded a 12% to 15% increase just three years ago (2017).
Malaysia’s healthcare inflation at 11.6% is the third highest among 11 Asian countries. One of the reasons for our high medical costs is absurd charges by private hospitals (especially on registration and medication). Registration fee for outpatient treatment increased from RM5 to RM6 in 2017 and is currently RM8.
