Singapore medical insurance costs to stay stable at 12% in 2025
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Singapore's medical insurance costs are expected to remain stable at 12% in 2025, consistent with 2024 levels, according to WTW. This stability is attributed to an ageing population and rising chronic diseases, alongside high pharmacy costs and inflation challenges. In the APAC region, medical inflation is projected to increase to 12.3% in 2025, with 76% of insurers anticipating higher medical trends and 62% expecting increased demand for healthcare services over the next three years.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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