Kuala Lampur, Sept. 18 -- The RESET strategy, a co-ordinated reform framework to overhaul the private healthcare system and curb soaring medical inflation, and announced in June by Bank Negara Malaysia needs a serious rethink and might itself need a revamp.

Short for Revamp, Enhance, Strengthen, Expand, and Transform, RESET, at the time of its presentation, comprises five strategic thrusts and 11 key initiatives.

It includes a basic, standardised medical and health insurance/takaful (MHIT) product, emphasis on price transparency for medicines and procedures, building a common digital health infrastructure towards adoption of national electronic medical records, and a public-private hybrid care model.

Most importantly, it envisages hosp...