Will Medical Insurance Co-Payments Be A Burden?

Professor Dato' Dr Syed Mohamed Aljunid, Professor of Health Economics, Policy and Management, & President, Malaysian Health Economic Association

10-Jul-24 16:00

Will Medical Insurance Co-Payments Be A Burden?

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Do you own a medical insurance policy, or are thinking of purchasing a new one soon? If so, you could be affected by Bank Negara Malaysia’s new policy that takes effect on 1st September, which requires insurance and takaful companies to provide the option of new medical and health coverage policies with a co-payment feature. What will this mean for current and new policyholders? Will this increase medical insurance premiums, or impact out-of-pocket costs for people seeking healthcare? We dive into this with Professor Dato' Dr Syed Mohamed Aljunid, Professor of Health Economics, Policy and Management, & President, Malaysian Health Economic Association.

Image Credit: Shutterstock

Produced by: Lim Sue Ann

Presented by: Tee Shiao Eek

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Categories: economy, health policy, wellness, financial wellness

Tags: the bigger picture, medical insurance, takaful, health financing, private hospitals,

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