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Medical insurance premiums of salaried workers surged 3.7 times in 15 yrs: data

All News 09:41 April 14, 2017

SEOUL, April 14 (Yonhap) -- The amount of medical insurance premiums paid by average South Korean salaried employees jumped 3.7 times in the past 15 years, industry data showed Friday.

The average amount paid surged to 2.47 million won (US$2,178) in 2015 from 660,000 won in 2001, according to the statistics released by the Korea Taxpayers' Association.

The sharp rise is attributed to the increase in insurance premium rates that reached 6.47 percent in 2015 from 3.4 percent in 2001.

The total amount paid by all salaried workers also soared 7.4 times to 38.9 trillion won in 2015 from 5.2 trillion won in 2001.

The amount contributed by self-employed people and the unemployed, meanwhile, rose 2.3 times to 8.1 trillion won in 2015 from 3.6 trillion won in 2001.

The average amount paid by self-employed people climbed 2.5 times to 1.06 million won in 2015 from 420,000 won in 2001.

The association called on the National Assembly to set up a rule that would only allow premiums to be marked up through legislation, saying the current law permits the government to raise the premium rate by issuing decrees.

Medical insurance premiums of salaried workers surged 3.7 times in 15 yrs: data - 1

hdh@yna.co.kr
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