SINGAPORE (June 10): Singapore’s medical trend rate of 10% outpaced economic inflation 10-fold in 2018, and is expected to rise by 0.1% in 2019, according to Mercer Marsh Benefits (MMB) 2019 Trends Around the World report.

Insurers are also predicting further increases in 2020.

As the cost of health benefit programmes continues to rise in Singapore, employers have the opportunity to contain cost through smarter plan design and employee access to quality-focused healthcare.

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