Restrictions on Private Health Insurance Companies are Needed for Better Public Healthcare

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Healthcare Nouvelles

Private Health Insurance,Healthcare Financing,National Healthcare

Activist Datuk Dr. Zainal Ariffin Omar calls for tightening restrictions on private health insurance companies in Malaysia, advocating for a social necessity over a purely commercial approach. The government is urged to establish a national healthcare financing mechanism, while experts highlight challenges with rising premiums and the suitability of different insurance models based on national development stage.

Restrictions on private health insurance companies need to be tightened, including making such schemes a social necessity rather than purely commercial ventures. Activist Datuk Dr. Zainal Ariffin Omar stated that the government must also establish a national healthcare financing mechanism, including health insurance schemes. He emphasized that these health insurance schemes need immediate transformation to assist the populace and healthcare aspects in the country.

The premium costs for health insurance are expected to increase by 40 to 70 percent in the coming year due to rising healthcare costs in private hospitals. Prof. Dr. Sharifa Ezat Wan Puteh from the National University of Malaysia (UKM) suggests that private health insurance is more suitable in wealthier countries, whereas social insurance systems are better for underdeveloped nations

 

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