Rising healthcare fees hinder financial stability amongst HK residents
The survey revealed 19% of people would pay for cheaper plans and fewer benefits.
Hong Kong residents face the challenge of balancing financial stability and physical health amidst rising healthcare costs. About 69% of respondents cited rising health costs as a barrier to financial well-being, with healthcare expenses perceived to have surged by 18% in the past year, revealed Manulife Asia Care Survey.
"Given the escalating healthcare costs and resulting financial stress, combined with the prevalence of mental health concerns, it is important for people in Hong Kong to reconsider their approach to holistic well-being," said Patrick Graham, Chief Executive Officer, Manulife Hong Kong and Macau.
"As a steadfast advocate of the 'mind-body wealth' concept, which stresses the importance of achieving balance in financial, mental, and physical aspects of well-being for a healthier and more fulfilling life, we are dedicated to improving the overall well-being of Hong Kong people across these aspects,” Graham added.
This increase includes outpatient services (22%), drugs (15%), and preventive healthcare (14%).