Singapore haze could further drive up medical costs

After already hefty jumps in May.

Medical Health Insurance cost increased by +7.8% YoY (Apr 2013: +3.8% YoY) while Medical Treatment cost gained by +4.2% YoY (Apr 2013: +3.9% YoY) during the month of May.

"The price pressures in this component may persist in June 2013 as the latest haze phenomenon which hit the republic this month could result in higher demand – and potentially costs – of medical services," predicted Maybank Kim Eng while commenting on the May inflation data.

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