Malaysia’s health system needs social market reforms — Geoffrey Williams | Malay Mail

under Section 11 of the Price Control and Anti-Profiteering Act 2011 when it charged RM11.20 for face masks which should cost only RM1.50.

A lack of diversity across age, gender, specialism and aptitude can lead to “grumpy old men” syndrome that excludes important stakeholders such as women practitioners. These ideas are well understood by economists, especially with the social market economy framework which provides solutions based on good governance of private markets.

A Federal Court decision of September 2017 means that private hospitals are not generally liable for negligence by the independent medical practitioners who practice there. The lawyers who won this case for a hospitaland the RM100,000 in legal cost awarded in their favour but for patients the effects of this decision are chilling.

There appears to be a systemic governance problem in the medical profession which harms the customers of medical services and exacerbates market failure.Even a former President of the Malaysian Medical Council hast and conflicts of interest in the governing body of the Malaysian medical profession.

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