Causes of medical inflation that could be address

1) over investigative

2)over treatment

2)FWA fraud, waste, abuse,

3)charges discrepancy 

What else?

Comments

Post a Comment

Popular posts from this blog

How much money does someone need to earn in order to be "happy"

Image
The amount of income required for an individual to achieve happiness while residing in the United States varies depending on their location; however, on the whole, it appears to be significantly higher than the average annual income earned by Americans. Seems in the US, by achieving  88.8% to 111% of annual median income ($67521) are emotionally well, while 140% to 155% are enough for life satisfaction. Do you agree with this in your country?  Annual Median Income in Malaysia in 2019 is about RM85116 In 2018, a global study published in 2018   examined the amount of money that appears to bring happiness to individuals, as well as the point at which money ceases to have an effect on their well-being. Although "happiness" is a subjective concept, the study authors from Purdue University address this issue by evaluating emotional well-being, which pertains to an individual's daily emotions such as happiness, excitement, sadness, or anger. Additionally, they assessed life sa...
Read more

A respond to pay for outcome based healthcare services

Image
  Health Minister Dzulkefly Ahmad wants private hospitals to shift from pay-for-service to pay-for-outcome to improve health outcomes and curb Malaysia’s high medical inflation rate from uncontrolled procedure costs Health Minister Dzulkefly Ahmad has called on private hospitals in Malaysia to adopt value-based health care to curb medical cost inflation and improve health outcomes.  Admitting that the country’s medical inflation rate of 12.6 per cent is high compared to the global average of 5.6 per cent, Dzulkefly urged private health care providers to shift from a pay-for-service model to a pay-for-outcome approach. “I urge private health facilities, especially the Association of Private Hospitals Malaysia (APHM), to consider this approach. As a minister, I want value-based health care — not pay-for-service but pay-for-outcome — to ensure payment effectiveness and health outcomes without fueling inflation due to uncontrolled procedure costs,” Dzulkefly said. The intention is...
Read more

Balancing Co-Payment Features in Malaysian Healthcare: A Delicate Equation

Balancing Co-Payment Features in Malaysian Healthcare: A Delicate Equation 1. The Role of Co-Pay: A Double-Edged Sword Understanding Co-Pay :  Co-Pay  is an individual's upfront payment before insurance coverage. They discourage unnecessary utilization of private hospitals for minor cases. The Catch : While deductibles promote cost-consciousness, they can inadvertently push patients toward public hospitals. Striking the right balance is crucial. 2. Co-Insurance: A Middle Path Co-Insurance Defined : Co-insurance involves cost-sharing—patients pay a percentage (e.g., 5%) of medical costs. It encourages financial responsibility without outright denial of care. Empowering Patients : Co-insurance empowers individuals to take ownership of their healthcare expenses, ensuring both patient and insurer share the cost of healthcare. 3. The Stop Loss Safety Net When Bills Skyrocket : What if medical bills become overwhelming, even with co-insurance? Enter the stop loss provision. How It W...
Read more