Reason To Increase Health Insurance Premium

The operational and ethical frameworks governing the medical practice are set to experience a ripple effect following a recent landmark ruling on healthcare accountability. The Association of Private Hospitals Malaysia comes after the Federal Court decided to hold Columbia Asia Sdn Bhd and an anaesthetist jointly responsible for the tragic medical outcome of a patient.

RM4 Million Compensation - This landmark decision compels the hospital and its staff to compensate the Patient nearly RM4 million for negligence that led to severe brain damage.
The ruling was anticipated to have ripple effects across the Malaysian medical community, potentially influencing practitioners to adopt a more cautious approach to clinical procedures.

Insurance Premium - Such practices might mitigate legal risks, they carry the unintended potential to inflate healthcare costs, making treatments less about efficacy and more about legal safety nets. In particular - looming spectre of increased insurance premiums for medical facilities, present a sobering challenge to maintaining the affordability and accessibility of healthcare.

Beyond the possibility of increased defensive medicine, both hospitals and doctors are likely required to increase their medical indemnity insurance, and the patients will ultimately need to bear this cost.