The increase in medical cost inflation, which had caused a continuous increase in health insurance and takaful claims, was among the matters discussed at the Naccol Executive Committee Meeting No 1 of 2025 on Tuesday, which was also attended by Domestic Trade and Cost of Living Minister, his deputy, senior ministry officials, state government representatives, industry and non-governmental organizations.
To address the issue, several measures have been identified to curb the increase in medical and health insurance and takaful premiums, including the distribution of premium adjustment rates, deferral of premium adjustments, reactivation and provision of alternative products.
The national health sector reform initiative also needs to be expedited within a three-year period, from 2024 to 2026. Meanwhile, the meeting also reviewed the Social Security Organisation’s (Socso) initiative in strengthening social protection and job matching to reduce the income gap among the people. Among the initiatives that will be enhanced include efforts to ensure more efficient job matching, providing incentives to employers for hiring workers from groups that are more in need, as well as strengthening social protection to provide better economic security for workers and their families.
The government remains committed to implementing various initiatives to address the cost of living challenges, including through income enhancement programs, cheap sales and cash assistance. These measures are part of ongoing efforts to ensure that the well-being of the people continues to be guaranteed in the face of current economic challenges..
Meanwhile, the government will expand the cheap sales program to help the people get essential goods at more affordable prices ahead of the festive season.
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