Starting this September, Bank Negara Malaysia has mandated insurance and takaful providers to implement co-payment options for their products. While aimed at promoting responsible healthcare practices and reducing costs, there are concerns that these initiatives could disproportionately burden individuals with serious illnesses, potentially leading to financial difficulties and limiting access to essential medical treatments. Mark O’Dell, CEO, Life Insurance Association of Malaysia shares insights into the impact of these developments on our healthcare system.



Image Credit: Shutterstock.com

Starting this September, Bank Negara Malaysia has mandated insurance and takaful providers to implement co-payment options for their products. While aimed at promoting responsible healthcare practices and reducing costs, there are concerns that these initiatives could disproportionately burden individuals with serious illnesses, potentially leading to financial difficulties and limiting access to essential medical treatments. Mark O’Dell, CEO, Life Insurance Association of Malaysia shares insights into the impact of these developments on our healthcare system.Image Credit: Shutterstock.com

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