Tuesday, May 17, 2022

Medical costs increasing faster in Middle East and Africa (MEA) than global average

Regional trend rate increases more than 10%, says Mercer Marsh Benefits report forecasts

PRAVASISAMWAD.COM

DUBAI

New research published by Mercer Marsh Benefits (MMB) highlights that health insurers operating in the Middle East and Africa (MEA) are forecasting a 10.1% increase in the year-on-year cost of medical claims in 2022, up from 9.5% in 2021, a Mercer Marsh press release said.

The report, MMB Health Trends, surveys 210 insurers globally and explores the major trends influencing the future of employer-provided medical benefits. According to the research, 62% of insurers operating in MEA reported that medical claims activity in the region remains higher than pre-pandemic levels and is continuing to trend upwards, significantly higher than the global figure of 41%.

“…It is increasingly important for employers to encourage employees to embrace preventive care, through initiatives such as annual health screening and wellbeing programs.”

Further, 31% of respondents cited COVID-19 as one of the top three causes of claims costs by dollar amount and frequency in MEA in 2021, trending closely to global data (34%). As a result, one in five (21%) insurers globally are actively considering introducing long COVID exclusions, while 8% have already changed their policies to include pandemic-related exclusions and  more than a third (34%) are invoking restrictions around pre-existing conditions relating to long COVID.

Commenting on the research, Julio Garcia-Villalon, Mercer Marsh Benefits Leader, MEA, said: “While the full course of the COVID-19 pandemic remains unpredictable, it is clear that its impact on employer health programs will persist for years to come.

“The pandemic has also affected how people interact with healthcare systems, and how they behave with regards to the management of their health. It is increasingly important for employers to encourage employees to embrace preventive care, through initiatives such as annual health screening and wellbeing programs.”

****************************************************************

Readers

These are extraordinary times. All of us have to rely on high-impact, trustworthy journalism. And this is especially true of the Indian Diaspora. Members of the Indian community overseas cannot be fed with inaccurate news.

Pravasi Samwad is a venture that has no shareholders. It is the result of an impassioned initiative of a handful of Indian journalists spread around the world.  We have taken the small step forward with the pledge to provide news with accuracy, free from political and commercial influence. Our aim is to keep you, our readers, informed about developments at ‘home’ and across the world that affect you.

Please help us to keep our journalism independent and free.

In these difficult times, to run a news website requires finances. While every contribution, big or small, will makes a difference, we request our readers to put us in touch with advertisers worldwide. It will be a great help.

For more information: pravasisamwad00@gmail.com

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

EDITOR'S CHOICE