INSURANCE players, Bank Negara Malaysia and the Health Ministry are set to appear before the Parliamentary Special Select Committee (PSSC) for Health tomorrow.
According to reports in The Star, this is for a hearing on the issue of rising insurance premiums.
PSSC chairman Suhaizan Kaiat said the Life Insurance Association of Malaysia, Malaysian Takaful Association and General Insurance Association of Malaysia have been summoned for the first session.
Officials from the ministry and Bank Negara are slated to appear in the second session on the same day.
“We want an explanation from all parties involved and will propose the best resolution to the government,” the Pulai MP said when contacted by The Star.
Suhaizan said the committee will then compile a report based on the hearing.
The hearing will be held in Parliament.
Another PSSC member, Bentong MP Young Syefura Othman, said the committee is also cognisant of the need to hold engagements with private hospitals to investigate the hike in medical costs.
It was reported that medical insurance premiums are expected to rise by between 40% and 70% next year, based on notices sent by insurance providers to policyholders.
The rising cost of medical care in private hospitals was cited as the primary reason for the hike.
Several MPs, Non-Governmental Organisations (NGOs) and others have since said the hikes were unreasonable and should be reviewed immediately. - December 9, 2024
