What is Medical Inflation

Medical inflation refers to the rising costs of healthcare services and treatments over time. In Malaysia, medical inflation was reported at 15% in 2023 - 2024.

Source: Aon Global Medical Trend Rates Report

What causes Medical Inflation?

Advancements in Medical Technology & Treatment

Ongoing advancements in medical technology and treatment options lead to improved healthcare but also come with higher costs.

Higher Costs of Imported Medical Equipment & Supplies

Most of the medical equipment and supplies are imported, and the depreciation of the Ringgit exacerbates the issue.

High Prevalence of Non-Communicable Diseases (NCDs)

Unhealthy lifestyles contribute to a high prevalence of NCDs such as diabetes, high blood pressure, high cholesterol, and obesity, leading to increased demand for long-term care and rising medical costs.

Longer Average Life Expectancy

Longer life expectancy, coupled with increasing health risks, results in a greater need for long-term medical attention.

Impact of
Medical Inflation

Increased out-of-pocket expenses for medical treatment.
Periodic adjustments to insurance premiums to maintain adequate coverage.

What is TMIM’s
role in supporting
our customers?

Regularly review insurance premiums to align with current medical costs and ensure coverage sustainability.
Collaborate with panel healthcare providers to enhance product offerings and manage medical costs effectively.

What can you
do to help reduce
Medical Inflation?

Maintain a healthy lifestyle. Prevention is always better than cure!
Understand the necessity of recommended medical treatment
Compare medical costs from different providers to make informed decisions
Visit panel hospitals endorsed by TMIM for quality medical care at reasonable costs