The Malaysian model is more like what’s happening in China where more people opt for health insurance because they feel public hospitals do not provide adequate care and lack facilities.
A man in his mid 50s who has never made a claim on his health insurance gets a letter from his insurance company stating that his premium has been increased by 23% for the year starting 2020.
The rise baffles the customer. The reasons given are even more perplexing. The insurance company states that even though he has not made a claim, the policy is based on the concept of pooling the risk.
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