Post-pandemic, the rebound in delayed non-urgent medical requests has led to a surge in overall healthcare demand. Additionally, with COVID-19 becoming an endemic seasonal disease4 alongside recurring waves of influenza and diseases from the respiratory syncytial virus (RSV), medical insurance claims for respiratory diseases have risen significantly. In 2024, the total claim amounts for respiratory diseases increased by 28%5 as compared to 2023.
Have you ever considered that the longer we live, the more medical care we are likely to need and the more this care will cost? In recent years, the increase in medical costs in Hong Kong has remained persistently high. In fact, the cost of medical treatments has increased by over 60% in the past six years¹ alone. Let's break down the reasons behind the medical inflationary trend.