Two major forces are behind the move to raise the premiums for MediShield Life next year.
One is the increasing number of people making claims and the other is the growing annual amounts paid out by this national health insurance scheme for large hospital bills. As a result, about two-thirds of the planned increase in premiums will go towards funding"this growth in utilisation and payout", said Senior Minister of State for Health Koh Poh Koon in Parliament yesterday.
Most of the remaining one-third will pay for the move to raise claim limits for bills next year. The rest, around 9 per cent, will go towards enhanced benefits, like extending coverage to inpatient hospice care.Dr Koh was explaining why premiums had to be raised, following questions from seven MPs on both sides of the House.
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MediShield Life premium increases driven by rise in payouts and more claimants, says Koh Pok KoonSINGAPORE: The proposed hike in MediShield Life premiums is driven by three factors, including an increase in annual payouts and the number of ... KPK conveniently forgot to mention that they collected more premiums than paid out claims over the years. Secondly medisave is still our money. Doesn't mean the ability to pay premiums with medisave negates the 35% premium increase.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
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Source: The Straits Times - 🏆 8. / 63 Read more »
MediShield Life premium increases driven by rise in payouts and more claimants, says Koh Poh KoonSINGAPORE: The proposed hike in MediShield Life premiums is driven by three factors, including an increase in annual payouts and the number of ... Rubbish.....so every time increase in payout.....premium increase so wat happen if decrease in payout.....do we get a reduction.....Premium paid is for u to roll n invest not to sit on it we r like sicker pay n pay ...PAP
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