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 LIAM CEO Stunned By Hospital Bill For RM19,000, Minor Hernia Surgery

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brkli
post Aug 30 2024, 06:23 AM

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when insurance company/agent sweet talk customer to super high package with confusing terms, so to get sweeter commission/earning. no hear complains on the amount they received.

This post has been edited by brkli: Aug 30 2024, 06:23 AM
brkli
post Aug 30 2024, 09:08 AM

On my way
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Joined: Oct 2018
QUOTE(30624770 @ Aug 30 2024, 08:01 AM)
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.
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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.
brkli
post Aug 30 2024, 09:31 AM

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QUOTE(30624770 @ Aug 30 2024, 09:13 AM)
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
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ofcourse, tak kan want to tell you that they increase the premium due to lesser profit margin from insurance company end.
brkli
post Aug 30 2024, 09:45 AM

On my way
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QUOTE(30624770 @ Aug 30 2024, 09:35 AM)
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.
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if you are going to say about profitablity, same can be said to private hospital, and similarly you should be even more worried when hospital making loses, unlike hospital, insurance company does not provide healthcare, hospital does.

2 villans does not make 1 saint. both parties have their issue. just because he is voicing out the other party, it does not paint the full picture of increasing premium. they are just cherry picking to suit his narrative, just like your local politkus and businessmen.

so you are saying, when medical cost is low, all premium is cheap? then what agent doing with their existing members?

if tmr there new ruling that private medical cost will be regulated in some way. will the insurance premium be reduce?

This post has been edited by brkli: Aug 30 2024, 02:14 PM

 

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