Medishield life could see you paying up to double the current medishield premium

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An honorable member of the Coffee Shop Has Just Posted the Following:

http://therealsingapore.com/content/...shield-premium
MEDISHIELD LIFE COULD SEE YOU PAYING UP TO DOUBLE THE CURRENT MEDISHIELD PREMIUM



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Post date:
6 Jun 2014 - 8:17pm













MediShield Life – everything also increase?

We refer to the article “Enhanced benefits proposed for MediShield Life” (Today, Jun 6).
The following questions remain unanswered:

Medishield scheme accumulated surpluses?

What is the accumulated surplus plus interest since the MediShield scheme has had annual surpluses since its inception? About $1 trillion?

Still not spending any money on healthcare?

From a cashflow perspective, will the Government still not be spending a single cent on healthcare because Medisave contributions in a year may continue to exceed all withdrawals including government healthcare spending?

Are there any countries in the world that operate their healthcare system like this?

After transitional subsidies – premiums increase more than 100%?

The problem with transitional subsidies may be that according to the example given in the subject news report – for a family – their annual premiums will increase from $1,220 to $2,436 if they do not qualify for the “subsidy for low income”.
This is an increase of 100%.

No projections into the future?

And we have not even factored in or projected how much the increase will be as the couple in their 30s and their 2 elderly patents (early 60s) get older, as premiums may generally increase with age?
Why are such projections not mentioned at all in the media report?

SY Lee and Leong Sze Hian


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