Curbing Medical Inflation For Affordable Insurance

Mark O’Dell, CEO , Life Insurance Association of Malaysia

26-Mar-25 08:45

Curbing Medical Inflation For Affordable Insurance

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Bank Negara highlights the need for structural reforms to address rising medical costs, warning of pressure on insurers' underwriting income. With premiums rising and claim payouts increasing, the Health Ministry is reviewing private hospital regulations to promote price transparency. Could this move help curb medical inflation and ensure more affordable healthcare and insurance for Malaysians? Mark O’Dell, CEO of Life Insurance Association of Malaysia shares his insights.

Image Credit: Shutterstock.com

Produced by: Jake Lim

Presented by: Wong Shou Ning, Keith Kam, Aisalli Ayub

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Categories: health policy, economy, government, politics, controversies

Tags: healthcare, medical insurance, medical costs, insurers, insurance premiums,

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