10 hours ago
- Business
- New Straits Times
Bank Negara launches RESET initiative to tackle rising healthcare costs
KUALA LUMPUR: Bank Negara Malaysia is implementing a set of key initiatives, dubbed RESET, to address the increasing cost of medical care, said governor Datuk Seri Abdul Rasheed Ghaffour.
The initiative focuses on overhauling medical and health insurance and takaful, improving price transparency, upgrading digital health infrastructure, broadening access to affordable treatment options, and reforming healthcare provider payment systems.
He added that the initiative is supported by the Health Ministry, Finance Ministry, and other key stakeholders.
"The success of RESET hinges on the involvement of all stakeholders in building a more accessible and resilient healthcare system for Malaysians," he said in his welcoming address at the Sasana Symposium 2025.
"This issue will also be elaborated on in a panel session featuring Health Minister Datuk Seri Dr Dzulkefly Ahmad, Treasury Secretary-General Datuk Johan Mahmood Merican, World Bank senior economist Akash Mohapatra, and myself."
Meanwhile, Abdul Rasheed said that in driving Bank Negara's green agenda, the development of the Greening Value Chain initiative, introduced in Malaysia in 2022, is gaining momentum.
As the Asean Chair this year, Malaysia is also sharing its experience and learnings to support regional efforts in building sustainable and climate-resilient Asean economies.
"I am also pleased to announce that the Climate Finance Innovation Lab (CFIL), an initiative under the Joint Committee on Climate Change (JC3), has officially commenced operations.
"CFIL serves as a collaborative platform to develop and test new financial solutions for climate and nature-related projects.
"More details on this matter will be discussed tomorrow in the panel session Building Climate Journey: How Wide Ranging is the Funding Mechanism," he said.
The Sasana Symposium, themed Structural Reforms: Building Malaysia's Resilience, is taking place from June 17 to June 18 and aims to highlight discussions on structural reforms across various sectors.
