Mark Cheong says public hospitals frequently see periods of time where drug supplies have to be rationed as the warrant for additional funding from the government is pending.
The role of the Finance Ministry as well as reporting requirements to the Cabinet, Parliament, and other stakeholders are not clearly stated in the mySalam Fund Order, says the Auditor-General.
Under the 12th Malaysia Plan, a National Health Endowment Fund, derived particularly from waqf (donation of assets from Muslims), will be introduced to diversify health care financing.
Countries like the US and UK that spend a large portion of their GDP on health have not done well to manage the Covid-19 pandemic in terms of total cases and deaths per 1 million population, compared to less developed countries.
The country’s health expenditure, comprising both public and private spending, has been steadily increasing from 4.2 per cent of GDP in 2016 to 4.7 per cent of GDP in 2020, says the finance minister.