South Korea freezes national health insurance premiums for second year



Briefings South Korea freezes national health insurance premiums for second year Businesses and citizens benefit from stable premiums, but long-term sustainability concerns continue to grow KOREA PROSeptember 9, 2024 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON An illustration of two doctors speaking with a patient \| Image: Korea Pro The South Korean government announced on Friday that the national health insurance premium rate for 2025 will remain at 7.09%, the same as 2024. This marks the second consecutive year of freezing the national health insurance premium rate. The decision comes despite rising healthcare costs, with the government citing stable reserves of about $20 billion (27 trillion won) as a key factor. Additionally, the ministry plans to extend emergency medical support due to the prolonged doctors’ strike and COVID-19 concerns. The extension includes increased funding for emergency room care and critical surgeries through September, as well as a pilot © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. LATEST ANALYSIS 01Trump’s Korea investment victory lap masks safeguards Seoul still controls 02North Korean POW dispute tests Seoul-Kyiv trust and future Ukraine policy 03South Korea’s CPTPP push exposes the cost of turning trade gains into consensus 04AI storage boom gives South Korea battery makers an EV overcapacity lifeline 05South Korea’s Mexico strategy runs into the hard limits of USMCA politics 06Preschool test ban forces South Korea’s English hagwons to rethink placement 07Lee Jae Myung’s Wall Street pitch tests South Korea’s capital market credibility 08US midterm clock raises stakes for South Korea’s $200 billion investment talks

Briefings

South Korea freezes national health insurance premiums for second year

Businesses and citizens benefit from stable premiums, but long-term sustainability concerns continue to grow

KOREA PROSeptember 9, 2024

South Korea freezes national health insurance premiums for second year

An illustration of two doctors speaking with a patient | Image: Korea Pro

The South Korean government announced on Friday that the national health insurance premium rate for 2025 will remain at 7.09%, the same as 2024. This marks the second consecutive year of freezing the national health insurance premium rate. The decision comes despite rising healthcare costs, with the government citing stable reserves of about $20 billion (27 trillion won) as a key factor.

Additionally, the ministry plans to extend emergency medical support due to the prolonged doctors’ strike and COVID-19 concerns. The extension includes increased funding for emergency room care and critical surgeries through September, as well as a pilot

LATEST ANALYSIS

01Trump’s Korea investment victory lap masks safeguards Seoul still controls
02North Korean POW dispute tests Seoul-Kyiv trust and future Ukraine policy
03South Korea’s CPTPP push exposes the cost of turning trade gains into consensus
04AI storage boom gives South Korea battery makers an EV overcapacity lifeline
05South Korea’s Mexico strategy runs into the hard limits of USMCA politics
06Preschool test ban forces South Korea’s English hagwons to rethink placement
07Lee Jae Myung’s Wall Street pitch tests South Korea’s capital market credibility
08US midterm clock raises stakes for South Korea’s $200 billion investment talks

South Korea freezes national health insurance premiums for second year

LATEST ANALYSIS

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