PAC to Hold Additional Hearings on Soaring Medical Costs

The Public Accounts Committee (PAC) is intensifying its scrutiny of rising health insurance premiums and private hospital charges with additional closed proceedings scheduled this month. According to PAC member Sim Tze Tzin, the committee plans to compile a comprehensive report by next month, set for presentation to Parliament in June.

Thus far, the committee has conducted 17 proceedings and held two public hearings to gather feedback from affected individuals and stakeholders, including the finance ministry, health ministry, and Bank Negara Malaysia (BNM). Further engagements are expected, including a revisit with BNM and the Malaysian Medical Council post-festive season.

Sim expressed optimism that the PAC’s findings will inform beneficial policy formulations by the government, aiming to address public concerns amid substantial increases in medical insurance costs.

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