Across Asia, aging populations, rising incidence of chronic diseases and a middle class demanding private hospital care are pushing up medical inflation by double digits, posing a problem for CFOs in balancing costs and talent management
The cost of employer-provided health care benefits in Asia Pacific continues to climb with little relief in sight, according to a survey of medical insurers by Willis Towers Watson. Insurers attribute the bulk of the cost increase to advanced medical technology, and the overuse and overprescribing of services.
If you’re based in Kuala Lumpur or Singapore and your company is sending you to work in Hong Kong, be sure you are provided with a cost of living allowance. Hong Kong has now dethroned Tokyo as Asia’s most expensive city for expats