In a survey conducted in 2020, regarding the change in medical trend, 49 percent of respondents in the Asia-Pacific region believed that the medical trend would remain about the same over the next three years. Contrastingly, one percent of respondents in the Asia-Pacific region in 2020 stated that the medical trend would be significantly higher over the next three years.
Expected medical trend change in overall book of business in the next three years in the Asia-Pacific region in 2020
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Original survey question: "How do you expect the medical trend in your overall book of business to change over the next three years compared to current rates?"
The survey was conducted among 287 leading insurers from 76 countries of which 29 percent of the respondents were from the Asia Pacific region.
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Willis Towers Watson. (November 23, 2020). Expected medical trend change in overall book of business in the next three years in the Asia-Pacific region in 2020 [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1055953/apac-expected-medical-trend-change/
Willis Towers Watson. "Expected medical trend change in overall book of business in the next three years in the Asia-Pacific region in 2020." Chart. November 23, 2020. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1055953/apac-expected-medical-trend-change/
Willis Towers Watson. (2020). Expected medical trend change in overall book of business in the next three years in the Asia-Pacific region in 2020. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1055953/apac-expected-medical-trend-change/
Willis Towers Watson. "Expected Medical Trend Change in Overall Book of Business in The next Three Years in The Asia-pacific Region in 2020." Statista, Statista Inc., 23 Nov 2020, https://www.statista.com/statistics/1055953/apac-expected-medical-trend-change/
Willis Towers Watson, Expected medical trend change in overall book of business in the next three years in the Asia-Pacific region in 2020 Statista, https://www.statista.com/statistics/1055953/apac-expected-medical-trend-change/ (last visited September 01, 2024)
Expected medical trend change in overall book of business in the next three years in the Asia-Pacific region in 2020 [Graph], Willis Towers Watson, November 23, 2020. [Online]. Available: https://www.statista.com/statistics/1055953/apac-expected-medical-trend-change/