Insurance companies can give back what they saved during MCO

Insurance companies can give back what they saved during MCO - Hello loyal readers FeedGoogle, In the article you are reading this time with the title Insurance companies can give back what they saved during MCO, We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

Recently a letter apparently written by a CEO of a health insurance agency detailed the drop in medical claims by 59% for hospital admissions during the movement control order (MCO) period. This reduction translates to approximately RM500,000 savings per week, or RM2.5 for the five-week duration of MCO. This was ascribed to unnecessary hospital admissions, as critical illness or accidents will still require hospitalisation and treatment. There are many reasons why medical claims and hospital admissions in private hospitals are down. The simple answer is that there are less patients attending private clinics or hospitals. During MCO, across the board, general practitioners’ patient load nationwide are down by 50%, or some even by 80 to 90%. This will lead to less referrals to private hospitals for patients who need further specialist management. Even in private hospitals, many special…