(Herald DB)
South Korea will maintain subsequent 12 months’s state medical insurance premiums unchanged for a second straight 12 months in an effort to assist ease individuals’s monetary burdens, the well being ministry mentioned Friday.
Underneath the plan, the medical insurance premium fee will stay unchanged at 7.09 p.c in 2025, marking the primary time the federal government has carried out a two-year freeze within the insurance coverage scheme.
The federal government additionally froze the speed final 12 months.
Beforehand, the federal government has raised medical insurance premiums on an annual foundation, except three events in 2009, 2017 and 2024.
The ministry mentioned it acknowledged the necessity for a fee improve to accommodate spending for medical reform however thought of excessive inflation and rates of interest to alleviate subscribers’ financial burdens.
By regulation, South Koreans are required to affix the insurance coverage scheme, and foreigners residing in South Korea also can subscribe to it.
The reserves for the insurance coverage scheme got here in at 27 trillion gained (US$20 billion) as of end-July, based on the ministry. (Yonhap)
