INSURANCE
Healthcare premiums won't change this year
Even as state hospital fees increase by 5-10%
- Published: 31 Jan 2013 at 00.00
- Newspaper section: Business
The insurance commissioner has affirmed that health insurance premiums will stay unchanged this year despite medical fees charged by state hospitals rising by 5-10% next month.
"In general, the industry will take a few years to gather and study information before it can raise premiums, and insurers are not allowed by law to raise their premiums immediately by their own consent," said Pravej Ongartsittigul, secretary-general of the Office of Insurance Commission (OIC).
"More importantly, as far as we have discussed with life insurers through the Thai Life Assurance Association, they confirm that those insured this year will see their premiums and medical treatments unchanged."
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