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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%

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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.

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...

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