Navigation Links
Globalsurance Reports 18% Rise in Hong Kong Private Medical Costs
Date:2/3/2013

Hong Kong (PRWEB) February 04, 2013

Globalsurance is concerned for the health insurance market of Hong Kong after an already expensive private healthcare system continues to increase in price.

The 1st of February 2013 saw one of Hong Kong’s top private hospitals, The Matilda, increase its general practitioner consultation fee in its outpatient department by 18%, meaning future claims may lead to greater premium increases.

Hong Kong’s private medical scene is already renowned for its luxury 5 star accommodation and impeccable standards of service and its private system ranks as one of the most expensive in the world, second only to the United States. As a result of such expensive care, premium rates in Hong Kong, as well as other major Asian locations, tend to be significantly above average in comparison to the global average.

Private hospitals tend to be predominately made use of by Hong Kong’s large expatriate population. While the majority of Globalsurance’s customers will be covered by international medical insurance plans, the increase in the prices of claims will not help with Hong Kong’s higher premium average.

Furthermore, private medical claims in Hong Kong are not only expensive, but they are frequent too and this frequency may also be increasing due to an apparent tendency to over-prescribe unnecessary medical treatments. This expensive habit is particularly well illustrated in the case of caesarean births where the rate in Hong Kong is twice that of Australia’s, the United Kingdom’s and the United States.

Globalsurance cannot say for certain what this means for the Hong Kong health insurance market but if more treatments across other private hospitals also increase in price, this will undoubtedly have an affect on premium rates and both local and international insurance policyholders will be impacted.

Read the full story at http://www.prweb.com/releases/2013/2/prweb10387411.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. OXIS International Reports 2012 Year End Revenue Exceeds $340,000.
2. Norah Guides Millions in 2013 with More Choices in Customized Astrology Reports
3. 1 in 5 Hospital Docs Reports Unsafe Workloads: Study
4. CareFusion, Baxter and Hospira Lead the Infusion Therapy Market as Hospitalization in the U.S. Climbs Reports iData Research
5. Omega XL Reports New Independent Study:Omega-3s Help Heal Bedsores In Critically Ill
6. FDA Says Metal-on-Metal Hip Replacements Can Cause Soft-Tissue Damage, Rottenstein Law Group Reports
7. Actos Bladder Cancer Lawsuits: Next Status Conference in Federal Actos Litigation Scheduled for January 24, 2013, Bernstein Liebhard LLP Reports
8. Pradaxa Side Effect Problems Continue, as New Report Finds Pradaxa Bleeding More Likely to Result in Death, Bernstein Liebhard LLP Reports
9. LSD Reports LED Lighting Display at Superbowl XLVII on Mercedes-Benz Superdome in New Orleans
10. New biomarker may help in detecting gliomas, reports Neurosurgery
11. 176 Pradaxa Lawsuits Now Pending in Federal Litigation, Discovery Well Underway, Bernstein Liebhard LLP Reports
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/28/2017)... Gowrie, IA (PRWEB) , ... February 28, 2017 , ... Webster-Calhoun Cooperative Telephone Association ... cooperative to be held on Tuesday, March 14th at 7:00 pm at the Southeast Valley ... is "Set Your Sights For Great Service" What do you look for in ...
(Date:2/28/2017)... , ... February 28, 2017 , ... In 2014, Harvard ... In studying approximately 800 deaths from prostate cancer, the researchers found that men who ... more likely to get fatal prostate cancer. Although the increased risks are small, they ...
(Date:2/28/2017)... (PRWEB) , ... February 28, 2017 , ... BrightStar Care ... of Choice Awards from Home Care Pulse. This award is granted only to top-ranking ... BrightStar Care Marietta is now ranked among home care providers from across the ...
(Date:2/27/2017)... ... February 27, 2017 , ... It’s ... strength, which often leads to a host of health issues, including urinary incontinence. ... Geriatrics Society discovered that good overall muscle strength in older women, particularly ...
(Date:2/27/2017)... ... February 27, 2017 , ... Much attention has been paid to the ... dependent on opioid painkillers has fallen short. From 1999 until 2010, fatal overdoses from ... in fatal overdoses in male populations.(1) , The proportion of women using illicit drugs ...
Breaking Medicine News(10 mins):
(Date:2/28/2017)... 2017 The global  pulse oximeters market  is expected to ... View Research, Inc. The pulse oximeters market is anticipated to witness significant growth ... target diseases such as chronic obstructive pulmonary disease (COPD), sleep apnea, cardiac arrhythmia, ... ... Grand View Research Logo ...
(Date:2/28/2017)... 2017  Summary This report provides all ... its partnering interests and activities since 2010. ... Description The Partnering Deals and Alliance since 2010 report ... one of the world,s leading life sciences companies. ... to ensure inclusion of the most up to date ...
(Date:2/28/2017)... 28, 2017 Research and Markets has ... Forecasts 2014-2025" report to their offering. ... The global digestive ... by 2025. Growing consumer awareness regarding the severity of digestive ... to stimulate industry growth over the forecast period. The increasing ...
Breaking Medicine Technology: