OJK Required 10% Co-Payment for Health Insurance Claims Starting Jan- 26

OJK Required 10% Co-Payment for Health Insurance Claims Starting Jan-26

OJK issued a new regulation (SEOJK 7/2025) requiring health insurance policyholders to bear at least 10% of the claim value for inpatient or outpatient benefits starting 01 Jan-26. The co-payment is capped at IDR 300K/claim for outpatient and IDR 3 mn/claim for inpatient care. Insurers may apply higher caps if agreed in the policy. Micro health insurance products are exempt. Existing policies
remain valid; auto-renewable products must comply by 31 Dec-26. (Investor.id)

Our view: This is a significant shift in its healthcare financing system to curb rising medical inflation & unsustainable claims. Nonurgent OP volume may drop, esp. from cost-sensitive patients, while revenue per patient is likely to increase due to copayments. We view that hospitals with higher private patients will benefit they often already cater to the middle- to upper-income segment, who are less price-sensitive and more willing to pay copay, like SILO and MIKA.

US-China Trade Talks Extend to Second Day Amid Export Curbs and Rare Earth Dispute

Trade negotiations between the US and China continued into a second day in London as both sides sought to ease tensions over technology and rare earth exports. The talks covered potential easing of US export controls in exchange for increased Chinese rare earth shipments. While the US signaled flexibility on certain tech exports, high-end AI chips remain restricted. (Bloomberg)