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:10/13/2017)... Rock, AR (PRWEB) , ... October 13, 2017 ... ... firm with locations throughout Arkansas that offers insurance and financial preparation services, is ... benefit the Rock City Rescue organization. , Rock City Rescue is a locally ...
(Date:10/13/2017)... ... ... The American Board of Family Medicine's (ABFM) Board of Directors has selected Warren ... James C. Puffer upon his retirement. Dr. Newton will serve in the position of ... end of 2018. Upon assuming the role of President and CEO on January 1, ...
(Date:10/13/2017)... , ... October 13, 2017 ... ... of Pharmacy (SOP) alumni Hannah Randall, PharmD ‘17, and Jennifer Huggins, PharmD ... on guideline updates for the primary prevention of cardiovascular diseases during the ...
(Date:10/13/2017)... ... October 13, 2017 , ... Many families have long-term insurance ... care insurance companies have a waiver for care if the client has a cognitive ... the family pays for care, is often waived, so the benefits from their insurance ...
(Date:10/13/2017)... ... ... Global Healthcare Management’s 4th Annual Kids Fun Run brought out many kids ... sponsored by Global Healthcare Management’s CEO, Jon Letko, is aimed at getting kids excited ... all ages; it is a non-competitive, non-timed event, which is all about having fun ...
Breaking Medicine News(10 mins):
(Date:9/27/2017)... and NEW YORK , Sept. 27, 2017  DarioHealth ... and big data solutions, today announced that its MyDario product is expected ... local TV listings for when The Dr. Oz Show airs in your ... The nine-time Emmy ... ...
(Date:9/22/2017)... ROCKVILLE, Md. , Sept. 22, 2017  As ... by Republican Senators Bill Cassidy (R-LA) and ... Kalorama Information notes that the medical device industry is ... the medical device tax, the 2.3% excise tax on ... Act.  But they also want covered patients, increased visits ...
(Date:9/18/2017)... , Pa. and KALAMAZOO, Mich. , Sept. ... Penn. , and OptiMed Specialty Pharmacy of ... partnership to offer a strategic hub service that expedites ... highly sought-after personal spirometer, Spiro PD 2.0, and wellness ... A spirometer is a medical device used to measure ...
Breaking Medicine Technology: