30 Jun '14, 12pm

Medishield Life proposals do little to improve people's lives

Medishield Life proposals do little to improve people's lives

The SDP reiterates our support for the Government's move to increase its expenditure on the healthcare in Singapore. It is a step in the right direction and will ensure that Singaporeans receive the kind of healthcare that they deserve. However, the announcement that it will provide $0.8 billion per year in subsidies for the next five years is disappointing. Considering that our nation's total healthcare expenditure tops $12 billion a year, the Government's latest subsidy increase is a miniscule 6.5% increase. Furthermore, we are concerned that these subsidies may not go directly to patient care but rather towards the Medishield Life provider which is already one of the world's most profitable insurance companies based on its MLR (Medical Loss Ratio). Given the needs of Singaporeans for adequate financial support for healthcare, one can only conclude that the initiative is...

Full article: http://yoursdp.org/news/medishield_life_proposals_do_litt...

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