Thai health care costs rise above average
The costs of health care benefits in Thailand is projected to rise by a further 9.2 per cent in 2017, according to a Willis Towers Watson survey of global medical trends released on Monday.
The survey projected the costs of employer-provided health care benefits in Asia Pacific would continue to climb with little relief in sight.
Medical insurers in Asia Pacific are projecting the gross cost of health care benefits to rise 8.6 per cent this year, compared with a global projected increase of 7.8 per cent, the survey found.
In the region, India (20.0 per cent), Indonesia (11.0 per cent) and Malaysia (15 per cent) are leading the upward cost trend, with Thailand projected to increase at 9.2 per cent – above the regional average.
The outlook for reining in costs in the near term is not optimistic. Half of all insurers in the Asia Pacific region expect higher or significantly higher medical trend costs over the next three years.
Willis Towers Watson is a global advisory, brokering and solutions company with clients in 140 nations.