ASEAN Briefing , Oct. 6, 2020
Malaysia has an internationally lauded healthcare system that is accessible to nearly all of the population. The success of the country’s healthcare sector can be attributed to investments in world-class facilities resulting in both private and public hospitals providing specialist services in addition to training medical practitioners abroad.
The healthcare sector operates on a two-tier system: a government-based universal healthcare system and a highly effective private healthcare system. The sector is expected to grow to 127 billion ringgit (US$30 billion) by 2027, fueled by increasing demand for healthcare services from an ageing population, rising affluence, and increasing life expectancy.
Malaysia has some of the lowest medical fees in the world (some 40 percent lower than the US and UK) with the government subsidizing up to 98 percent of healthcare costs. The country allocated 29 billion ringgit (US$6.9 billion) towards healthcare in 2019.
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