Kek, he asked for regulation out of concern for insurance company profits from needing to pay out less claims. Not because he is thinking of ppls welfare.

Kek, he asked for regulation out of concern for insurance company profits from needing to pay out less claims. Not because he is thinking of ppls welfare.

Chicken and egg lah. If the medical cost are lower, they don’t have justification to reprice as BNM won’t approve it. Lower cost also better for those who don’t have insurance and pay cash.

Its win win for consumers.

Except ppl who do t have insurance will go to public hospital anyway.

Private hospital has been gouging consumers for decades. As CEO of insurance co, he is well aware of the practice. To suddenly come out socmed acting all surprised and asking for more regulation is disingenuous. If private citizen unker can feel but CEO of insurance? Kek

Chicken and egg lah. If the medical cost are lower, they don’t have justification to reprice as BNM won’t approve it. Lower cost also better for those who don’t have insurance and pay cash.

Its win win for consumers.

tu lah, when medical cost is low. go and convince ppl to take higher premium with grandmother stories and etc. then when ppl have higher premium and to "fully utilize" the money the "prepaid" when they have illness, private become "creative"...

now come and complain this "creativeness" that they created.

I have no idea what you're talking about but the biggest reason insurance premium become higher and higher is due to rising medical cost as claims is the biggest cost to an insurance company

ofcourse, tak kan want to tell you that they increase the premium due to lesser profit margin from insurance company end.

Of course they will not let their profit margin drop. It will affect their profitability. Insurance are still business and if insurance companies are making losses, you should be even more worried.

Its strange that people like you here see insurance as the villian but dont see the problems he is voicing out as an issue.

The Association of Private Hospitals Malaysia says hospitals are required by the law to provide detailed bills, FMT reports.
This is after CodeBlue reported that Life Insurance Association of Malaysia CEO Mark O’Dell was shocked to receive a 13-page bill of nearly RM19,000 for a minor hernia operation at a private KL hospital in May.
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https://freemalaysiatoday.com/category/nati...ospitals-group/

APHM president Dr Kuljit Singh said hospital bills must be itemised as required under the Private Healthcare Facilities and Services Act.
"This is perhaps the only industry where such a high level of detail is provided..as an example, the number of gauzes used."
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https://codeblue.galencentre.org/2024/08/28...hernia-surgery/

"As a result, the bill contains a lengthy list of items and pages, which is intended to be transparent to the patient and client," he said.
Kuljit also pointed out that the practice of providing lengthy bills has been in existence for many years.
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