Tuesday, December 12, 2017

HK doctors claim new health insurance scheme financially unsustainable

The latest survey conducted by Hong Kong’s Medical Association showed that half of doctors in the city are concerned that the government’s proposed voluntary health insurance scheme is financially unsustainable. The scheme, which seeks to ease the burden on subsidised and crowded public healthcare, aims to encourage Hong Kong residents to buy health insurance and switch to private doctors. Half of the 1,170 respondents of the survey believed the insurance scheme was not viable, especially with regard to patients who have chronic conditions and are more likely to file a claim. Nevertheless, the Medical Association, which has over 10,000 members, said it supported the scheme but would submit its views at the end of the month-long public consultation. The government’s proposed voluntary health insurance scheme will have a HKD10bn (USD1.2bn) budget. The Medical Association also urged the government to disclose more details on how the funding would be calculated and give consumers more choice of insurance products.

Share

Related Articles

Videos

Amer Ahmed, Allianz Re

Partner Content

Follow InsuranceAsia News

Print Edition

WINTER 2017

Defending Asia's evolving risks