Employer-provided medical costs in Singapore to rise by 10% in 2020: report
The figure is higher than the Asia-Pacific average of 8.7%, and will outpace general inflation of 1.4%
Add BT as a preferred source
Singapore
EMPLOYER-PROVIDED medical benefit costs in Singapore are expected to jump by 10 per cent in 2020, outpacing general inflation of 1.4 per cent, and higher than the Asia-Pacific (Apac) average of 8.7 per cent. This is according to the 2020 Global Medical Trend Rates Report by UK insurance company Aon Plc.
However, projected medical trend rates vary significantly across different locations, Aon said.
TRENDING NOW
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
