Singaporeans have to pay our CPF into the Medisave for health. We then have to pay our Medisave into Medishield, also for health. When we have to take our Medisave to pay for Medishield, doesn’t that means we have less money to use in the Medisave? Also, if we are already paying into so many schemes – tax, Medisave, Medishield and Medifund (as well as ElderShield etc), why is it still not enough to cover for our healthcare expenses, that we still have to buy private Medishield plans, accident plans etc from private insurers? Government subsidies for health only covers for about 30% of total health expenditure, Medisave only 5.5%, Medishield only 2.1% and Medifund only 0.7%. Singaporeans have to pay tax and CPF (Medisave and MediShield) but they cover for less than 40% of total health expenditure. We still have to fork out more than 60% out of our own pockets. Meanwhile, Singaporeans still have to buy private insurance for health but 40% of Singaporeans are unable to do so. This means that they will not be able to afford high healthcare costs. Medishield is supposed to be the universal healthcare scheme in Singapore but only covers for 2% of health expenditure. This is vastly inadequate. In light of this, the question is if it’s logical for us to pay such high premiums for a “universal” scheme that pays only 2% of total health expenditure? thehearttruths/2014/06/28/it-is-time-the-government-is-transparent-to-singaporeans-on-healthcare-costs/
Posted on: Sat, 28 Jun 2014 05:24:49 +0000
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