17 Mar '12, 4pm

SDP Healthcare Plan: Scrap Medisave And Increase Govt Spending: Singaore Democratic Party.

SDP Healthcare Plan: Scrap Medisave And Increase Govt Spending: Singaore Democratic Party.

Do away with the '3M' system (Medisave, Medifund and Medishield) and pay all our healthcare expenditure through a single pool of funds in which the Government contributes 84 percent. This is proposal of The SDP National Healthcare Plan launched today. Associate Professor Paul Ananth Tambyah presented the SDP's case, calling for a complete overhaul of the current system. Together with him on the SDP's Healthcare Advisory Panel are Drs Ang Yong Guan, Patrick Kee, Neo Eak Chan, Leong Yan Hoi, Tan Lip Hong, Tong Beng Chye, Wong Wee Nam and Ms Eveline How. Under the SDP's Plan, Medisave will be scrapped and the money returned to one's CPF Ordinary Account. Singaporeans who are employed and earning $1,500 or more will contribute $600 per year into the National Health Investment Fund (NHIF). This will be deducted from their CPF savings. Those earning between $800 and $1,500 will ...

Full article: http://www.yoursdp.org/index.php/news/singapore/5183-sdp-...

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