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Inflation rate of Singapore worker health insurance in 2018: 10%

This was 6th highest among 11 Asian economies; the Republic's inflation rate: 1%

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Ng Ren Jye

Published Mon, Jun 10, 2019 · 09:50 PM
Medical vs economic inflation in 2018/19

Singapore

THE inflation rate of employee medical insurance claims in Singapore, at 10 per cent in 2018, is projected to rise another 0.1 percentage point this year, a study by Mercer Marsh Benefits has predicted.

Also termed "medical trend rate", the inflation rate of worker health insurance claims was slightly lower than the Asian average of 10.4 per cent.

Healthcare costs

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