Tag Archives: Premiums

I refer to the article “MediShield Life helps more people a year on” (My Paper, Nov 1). It states that “One year after Singapore introduced MediShield Life – a universal insurance scheme, more people are getting help with their medical bills.

With tax collection at an all-time high and an estimated cash budget surplus of $24 billion for FY2014 under IMF fiscal reporting guidelines – why is there still a need to get 25,000 people with pre-existing conditions to pay 30 per cent more MediShield Life premiums for 10 years? We have calculated from the table, that the claims to premiums ratio is 59 per cent (claims $1,395,382 billion divided by premiums $2,353,763 billion). Does this make MediShield the most profitable national health insurance scheme in the world?

My parents are both in their 70s, i checked with CPF, they must pay S$1000 each, where you want me to find this money?? Stop trying to bs the people like as we are kids, transitional subsidies means temporaray subsidies, we are not uneducated for you to play word games with us.

As for those who have lived abroad for a long time, would they face imprisonment for not paying their MediShield Life premiums if they return? It seems unfair to expect them to pay premiums if they do not intend to use their MediShield entitlements. Would this encourage them to give up their citizenship to avoid being punished? I suggest that they be excused from paying compulsory premiums. If they choose to return, they will have to buy their own health insurance policies, or pay their hospital fees in full without MediShield coverage.