The RESET strategy needs a rethink
From Azrul Khalib
The RESET strategy, a coordinated reform framework to overhaul the private healthcare system and curb soaring medical inflation, announced in June by Bank Negara Malaysia, needs a serious rethink and might itself need a revamp.
Short for Revamp, Enhance, Strengthen, Expand and Transform, RESET comprises five strategic thrusts and 11 key initiatives from the introduction of basic standard health insurance or takaful (MHIT) coverage to a public-private hybrid care model.
Reform is certainly needed as medical inflation, estimated to be 15.6% to 18%, continues to erode affordability and access, especially to private healthcare services.
It is increasingly becoming a situation where many of us will be pressing our faces on the windows of our world-class private hospitals, being proud of their existence but unable to access them as the costs involved are increasingly beyond the affordability of many.
Yet, it is also a fact that our private health facilities are…
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