copayments Archives

26 August 2024

Malaysia

Health Insurers May Introduce 5% To 20% Copay: LIAM

LIAM CEO Mark O’Dell says insurers are considering 5% to 20% copayments for health insurance (5% most common). Copayments will be based on expense caps ranging from RM10,000 to RM20,000. For example, a 5% copayment on a RM20,000 cap means paying RM1,000.

9 August 2024

Malaysia

Health Insurance Copay: ‘We Need Bank Negara To Protect Consumers’

Galen Centre CEO Azrul Mohd Khalib questions why the burden of managing medical inflation is placed onto patients with copayments for health insurance, urging Bank Negara to consult patients and consumers. "They're supposed to look out for us."

1 August 2024

Malaysia

Copay Won’t Cut Premiums, Health Insurance Premiums Have Never Dropped: Health Economist

Health economist Prof Syed Mohamed Aljunid rebuts the argument that copayments will reduce health insurance premiums, pointing out that private insurance premiums have never decreased historically. Copay shifts costs to individuals and population instead.

25 July 2024

Letter

Copayment For Medical Insurance: Merits And Demerits — Association Of Private Hospitals Malaysia

APHM says while health insurance copay can prevent overuse of resources, low-income people may delay critical care; 30% avoid necessary care due to cost. Copay can also increase admin difficulties for hospitals, potentially resulting in 5% revenue loss.

23 July 2024

Malaysia

Bank Negara Denies Copay Mandate For Health Insurance Is Anti-Competition

Bank Negara says its mandate of minimum 5% copayment in the design of any new health insurance product does not violate anti-competition law, as insurers are expected to offer a range of products with different copay levels that cater to consumer needs.

Tag: copayments

Health Insurers May Introduce 5% To 20% Copay: LIAM

Health Insurance Copay: ‘We Need Bank Negara To Protect Consumers’

Copay Won’t Cut Premiums, Health Insurance Premiums Have Never Dropped: Health Economist

Copayment For Medical Insurance: Merits And Demerits — Association Of Private Hospitals Malaysia

Bank Negara Denies Copay Mandate For Health Insurance Is Anti-Competition

HSAJB Probes Doctor’s Sexual Harassment Complaint Against Anaesthesiologist

Taiping Hospital Medical Officers Drowning Under Cluster Expansions, Zero Housemen — Medical Officer

FDS Helicopter Crash Sparks Anger: Indemnity Form, RM30 Allowance

Malaysia’s Poisoned Chalice Of Nicotine Vape: First Lacuna, Now An Accidental ‘Ban’

Taiping Hospital’s Emergency Department Is Also Drowning — Medical Officer