{"id":2206417,"date":"2024-09-09T08:00:23","date_gmt":"2024-09-08T23:00:23","guid":{"rendered":"https:\/\/koreapro.org\/?p=2206417"},"modified":"2024-09-09T00:32:29","modified_gmt":"2024-09-08T15:32:29","slug":"south-korea-freezes-national-health-insurance-premiums-for-second-year","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2024\/09\/south-korea-freezes-national-health-insurance-premiums-for-second-year\/","title":{"rendered":"South Korea freezes national health insurance premiums for second year"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The South Korean government <\/span><a href=\"https:\/\/www.mohw.go.kr\/board.es?mid=a10503010100&amp;bid=0027&amp;act=view&amp;list_no=1483034&amp;tag=&amp;nPage=1\"><span style=\"font-weight: 400;\">announced<\/span><\/a><span style=\"font-weight: 400;\"> 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.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, the ministry plans to extend emergency medical support due to the <\/span><a href=\"https:\/\/koreapro.org\/2024\/08\/south-koreas-nursing-act-passage-highlights-rare-bipartisan-cooperation\/\"><span style=\"font-weight: 400;\">prolonged doctors\u2019 strike<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/koreapro.org\/2024\/08\/south-koreas-job-numbers-grew-in-first-quarter-but-covid-19-surge-casts-shadow\/\"><span style=\"font-weight: 400;\">COVID-19 concerns<\/span><\/a><span style=\"font-weight: 400;\">. The extension includes increased funding for emergency room care and critical surgeries through September, as well as a pilot project to curb antibiotic misuse by incentivizing hospitals to improve their management of antibiotic prescriptions.<\/span><\/p>\n<p><b>WHY IT MATTERS<\/b><\/p>\n<p><span style=\"font-weight: 400;\">South Korea\u2019s decision to freeze the national health insurance premium rate for a second consecutive year provides immediate financial relief to businesses and citizens. With <\/span><a href=\"https:\/\/koreapro.org\/2024\/08\/south-koreas-central-bank-holds-rates-steady-for-13th-consecutive-time\/\"><span style=\"font-weight: 400;\">high interest rates<\/span><\/a><span style=\"font-weight: 400;\"> straining the economy, the government is prioritizing easing financial burdens, even as healthcare costs continue to rise.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This freeze also fits into President Yoon Suk-yeol\u2019s <\/span><a href=\"https:\/\/koreapro.org\/2024\/08\/south-koreas-pension-overhaul-faces-generational-and-political-hurdles\/\"><span style=\"font-weight: 400;\">proposed pension reform<\/span><\/a><span style=\"font-weight: 400;\">. By holding health insurance premiums steady, the administration may be seeking to balance the impact of expected pension premium increases. This move could help mitigate public resistance to more contentious reforms, especially among younger voters and businesses.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, while the premium freeze offers short-term relief, questions remain about the long-term sustainability of the healthcare system. Rising healthcare costs, the prolonged doctors\u2019 strike and economic pressures may force future premium hikes, which may impose a higher cost on businesses and individuals when it is imposed at once.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/domestic-politics\/\"><span class=\"tag\">Domestic Politics<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2206418,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,27],"class_list":["post-2206417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","tag-business-economy","tag-domestic-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Korea freezes national health insurance premiums for second year - Korea Pro<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2024\/09\/south-korea-freezes-national-health-insurance-premiums-for-second-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea freezes national health insurance premiums for second year - Korea Pro\" \/>\n<meta property=\"og:description\" content=\"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 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/koreapro.org\/2024\/09\/south-korea-freezes-national-health-insurance-premiums-for-second-year\/\" \/>\n<meta property=\"og:site_name\" content=\"Korea Pro\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/nknewsorg\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-08T23:00:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-08T15:32:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/09\/eb-5.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1870\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"johnleenknews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:site\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"KOREA PRO\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/koreapro.org\/2024\/09\/south-korea-freezes-national-health-insurance-premiums-for-second-year\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/2024\/09\/south-korea-freezes-national-health-insurance-premiums-for-second-year\/\"},\"author\":{\"name\":\"johnleenknews\",\"@id\":\"https:\/\/koreapro.org\/#\/schema\/person\/b9766dba611638edc06a6e0b7078714d\"},\"headline\":\"South Korea freezes national health insurance premiums for second year\",\"datePublished\":\"2024-09-08T23:00:23+00:00\",\"dateModified\":\"2024-09-08T15:32:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2024\/09\/south-korea-freezes-national-health-insurance-premiums-for-second-year\/\"},\"wordCount\":266,\"publisher\":{\"@id\":\"https:\/\/koreapro.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2024\/09\/south-korea-freezes-national-health-insurance-premiums-for-second-year\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/09\/eb-5.png\",\"keywords\":[\"Business &amp; Economy\",\"Domestic Politics\"],\"articleSection\":[\"Briefings\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/koreapro.org\/2024\/09\/south-korea-freezes-national-health-insurance-premiums-for-second-year\/\",\"url\":\"https:\/\/koreapro.org\/2024\/09\/south-korea-freezes-national-health-insurance-premiums-for-second-year\/\",\"name\":\"South Korea freezes national health insurance premiums for second year - Korea Pro\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2024\/09\/south-korea-freezes-national-health-insurance-premiums-for-second-year\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2024\/09\/south-korea-freezes-national-health-insurance-premiums-for-second-year\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/09\/eb-5.png\",\"datePublished\":\"2024-09-08T23:00:23+00:00\",\"dateModified\":\"2024-09-08T15:32:29+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/koreapro.org\/2024\/09\/south-korea-freezes-national-health-insurance-premiums-for-second-year\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/koreapro.org\/2024\/09\/south-korea-freezes-national-health-insurance-premiums-for-second-year\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/koreapro.org\/2024\/09\/south-korea-freezes-national-health-insurance-premiums-for-second-year\/#primaryimage\",\"url\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/09\/eb-5.png\",\"contentUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/09\/eb-5.png\",\"width\":1870,\"height\":1000},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/koreapro.org\/2024\/09\/south-korea-freezes-national-health-insurance-premiums-for-second-year\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/koreapro.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"South Korea freezes national health insurance premiums for second year\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/koreapro.org\/#website\",\"url\":\"https:\/\/koreapro.org\/\",\"name\":\"Korea Pro\",\"description\":\"Be smart about South Korea. 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