Cutting cost of private healthcare can drive investors away, says group

Free Malaysia Today

Association of Private Hospitals Malaysia says private healthcare facilities need to show profit to keep investments flowing in.  Read More:  https://www.freemalaysiatoday.com/category/nation/2024/11/29/cutting-cost-of-private-healthcare-can-drive-investors-away-says-group/  Laporan Lanjut:  https://www.freemalaysiatoday.com/category/bahasa/tempatan/2024/11/29/potong-kos-penjagaan-kesihatan-swasta-akan-kurangkan-pelabur-kata-persatuan/  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #DrKuljitSingh #PrivateHealthcare #APHM

Transcript

00:00Reducing the cost of private healthcare services is no simple task, the Association of Private

00:07Hospitals Malaysia said, citing the complicated relationship between profit and attracting

00:11investors.

00:12The association's president, Dr. Kuljit Singh, said private hospitals in Malaysia

00:17have profit margins of between 7% and 11% after tax, which are comparatively lower than

00:23many other healthcare sectors.

00:25Speaking to FMT, he said narrowing these margins further by reducing the cost of services is

00:30deemed unsustainable, potentially deterring investment in private healthcare.

00:34Kuljit said that in the long run, the lack of investors would be detrimental to the public

00:38healthcare system given that with lower investments in private healthcare, there would be fewer

00:43private hospitals to ease the strain on public hospitals.

00:46Last week, a group of MPs from PKR claimed that the rise in cost of private healthcare

00:51services was forcing those in the middle-income group to seek treatment at government hospitals

00:56and clinics.

00:57Kuljit said it would be better to enhance the public healthcare system instead, adding

01:01that it presented a more sustainable and equitable solution for the entire population.

01:06Dhanush Rajareza, FMT News.

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