Array
(
    [_edit_lock] => Array
        (
            [0] => 1738898928:30
        )

    [tdc_dirty_content] => Array
        (
            [0] => 1
        )

    [tdc_icon_fonts] => Array
        (
            [0] => a:0:{}
        )

    [_thumbnail_id] => Array
        (
            [0] => 246393
        )

    [_edit_last] => Array
        (
            [0] => 30
        )

    [onesignal_meta_box_present] => Array
        (
            [0] => 1
        )

    [onesignal_send_notification] => Array
        (
            [0] => 
        )

    [onesignal_modify_title_and_content] => Array
        (
            [0] => 
        )

    [onesignal_notification_custom_heading] => Array
        (
            [0] => 
        )

    [onesignal_notification_custom_content] => Array
        (
            [0] => 
        )

    [_post_language] => Array
        (
            [0] => English
        )

    [_molongui_author] => Array
        (
            [0] => guest-97702
        )

    [_molongui_main_author] => Array
        (
            [0] => guest-97702
        )

    [td_post_theme_settings] => Array
        (
            [0] => a:1:{s:11:"td_subtitle";s:85:"Finance minister II says increasing premium rates are due to rising medical inflation";}
        )

    [_yoast_wpseo_primary_category] => Array
        (
            [0] => 599
        )

    [_yoast_wpseo_focuskw] => Array
        (
            [0] => health insurance
        )

    [_yoast_wpseo_linkdex] => Array
        (
            [0] => 58
        )

    [_yoast_wpseo_content_score] => Array
        (
            [0] => 30
        )

    [_yoast_wpseo_estimated-reading-time-minutes] => Array
        (
            [0] => 2
        )

    [post_views_count] => Array
        (
            [0] => 109
        )

    [post_views_count_7_day_arr] => Array
        (
            [0] => a:7:{i:0;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:1;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:2;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:3;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:4;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:5;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:6;a:3:{s:4:"date";s:10:"1748752462";s:5:"count";i:1;s:14:"per_hour_count";a:3:{i:13;i:1;i:16;i:2;i:4;i:1;}}}
        )

    [post_view_7days_last_day] => Array
        (
            [0] => 6
        )

    [post_views_count_7_day_last_date] => Array
        (
            [0] => 1748752462
        )

    [post_views_count_7_day_total] => Array
        (
            [0] => 1
        )

    [post_views_last_24_hours] => Array
        (
            [0] => 1
        )

    [post_views_last_48_hours] => Array
        (
            [0] => 1
        )

    [_stopmodifiedupdate] => Array
        (
            [0] => 1
        )

    [_modified_date] => Array
        (
            [0] => 
        )

    [footnotes] => Array
        (
            [0] => 
        )

)
Gradual adjustments, one-year relief for seniors among measures to address rising health insurance hike: Amir Hamzah | Scoop
Deputy Finance Minister Datuk Seri Amir Hamzah Azizan during the Dewan Rakyat session today. – Bernama pic, February 6, 2025
News

Gradual adjustments, one-year relief for seniors among measures to address rising health insurance hike: Amir Hamzah

Finance minister II says increasing premium rates are due to rising medical inflation

Bernama
Updated
4:31 PM MYT

 

KUALA LUMPUR – The continuous rise in medical inflation has led to an increase in the claims rate for medical and health insurance and takaful (MHIT), Finance Minister II Datuk Seri Amir Hamzah Azizan said.  

He said Bank Negara Malaysia (BNM) has taken several interim measures to curb the impact of rising MHIT premiums on policyholders, which took effect on January 15. 

The interim measures include the distribution of premium adjustments due to medical claims inflation over a period of at least three years until the end of 2026, and a one-year delay in premium adjustments due to medical claims inflation for policyholders aged 60 and above who are covered under the minimum plan for the MHIT products purchased. 

“Additionally, policyholders whose policies have expired in 2024 due to the premium reset can contact their respective life insurers and family takaful operators (ITO) to request their policies be reactivated based on the adjusted premiums,” he said during the question and answer session in the Dewan Rakyat today. 

Amir Hamzah was responding to a question from Lim Guan Eng (Bagan-PH) regarding the profits of life insurance companies since 2018 and the resolution of the controversy over premium increases for medical insurance, which have surged by as much as 70%, as well as steps to prevent arbitrary hikes in private healthcare costs.  

He said through these interim measures, 80% of policyholders are expected to face annual premium adjustments of less than 10% due to medical claims inflation. 

Meanwhile, Amir Hamzah said the average annual profit of the insurance and takaful industry between 2018 and 2023 was RM4.4 billion from life insurers and family takaful operators (ITO). 

At the same time, he said the government, through the Health Ministry (MOH), will prioritise comprehensive health reforms to address the issue of medical inflation and charges at private hospitals. 

“These efforts include implementing the Diagnostic Related Group (DRG) payment model, enhancing transparency in drug costs, and comparing common medical costs. 

“Other measures that can be taken by private hospitals to curb medical inflation are also being discussed as long-term solutions,” he said. – February 6, 2025

Topics

 

◉ Popular

Asiad: CDM confident contingent can achieve target of 27 medals

The Malaysian contingent to the Asian Games is confident they can achieve the target of 27 medals, with eight days of competition remaining before the closing ceremony on October 8.

[LIVE] Nik Elin v Kelantan: justices void 16 out of 18 provisions, over 500 gathered outside

The justices rule that only two Sections out of 18 provisions contended are legal, which are Section 13 (selling or giving away a child to non-Muslim or morally reprehensible Muslim) and Section 30.

Muda’s asset rankings: Kalyana, Siva Prakash revealed as wealthiest candidates

Two of Muda’s candidates for the six state elections, Kalyana Rajasekaran Teagarajan and R. Siva Prakash, appear to have the most assets compared to other hopefuls from the youth-based party.

◉ Related

Copyright © 2023. All rights reserved.