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Middle-class Malaysians exposed to ticking healthcare time bomb
Free Malaysia Today
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12/20/2024
Soaring medical inflation and insurance premiums is a financial disaster waiting to happen for many vulnerable Malaysians.
Read More:
https://www.freemalaysiatoday.com/category/nation/2024/12/20/middle-class-malaysians-exposed-to-ticking-healthcare-time-bomb/
Laporan Lanjut:
https://www.freemalaysiatoday.com/category/bahasa/tempatan/2024/12/20/kos-berubat-bom-jangka-menunggu-kelas-pertengahan/
Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.
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#FMTNews #MedicalInsurance #Inflation #Healthcare
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Transcript
Display full video transcript
00:00
Malaysia's middle class is facing a brewing healthcare crisis
00:05
as escalating medical insurance premiums,
00:07
driven by a 12.6% medical inflation rate in 2023,
00:11
threaten their financial stability.
00:14
Public health consultant and physician, Dr. Faisal Izwan Mustafa,
00:17
warns that proposed premium increases, ranging from 40% to 70%,
00:22
may push more M40 households to terminate their policies.
00:26
He said this would leave the middle class exposed to catastrophic health expenses
00:30
as they may be unable to afford unexpected medical bills,
00:34
forcing them to rely on the already strained public healthcare system.
00:38
Azrul Muhammad Kalib, CEO of the Galen Centre for Health and Social Policy,
00:42
said soaring medical inflation and insurance premiums
00:45
is a financial disaster waiting to happen for many Malaysians.
00:50
He said this inflation would lead to an increase in out-of-pocket payments
00:54
for health expenditures, particularly affecting older, vulnerable individuals
00:58
at risk of financial catastrophe from a single medical incident.
01:02
Azrul also criticized the lack of regulation on medical bills
01:05
from providers like private hospitals,
01:07
and called for the establishment of an independent statutory commission
01:11
to oversee and regulate healthcare charges.
01:14
Natasha Bust, FMT News.
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