19 Mar '12, 8am

Committee of Supply debate with Health Minister: During the Committee of Supply debate in Parliament on 6 and 7

But if we start to do that, and as the younger generation begin to shrink, you will have a bigger problem in future for the younger generation to shoulder the insurance premium for the older generation, if it is built into the structure of the MediShield. Because once you go on that structure, that means the older generation is not paying their own premium. And you will find that as the younger generation grows older, they are already not paying their own premium and they are relying on the next generation to pay for them. And this inter-generation subsidy is between people who are unrelated. So I think it is a lot more difficult to persuade the younger generation to accept this. The risk of that is that some of the younger generation may opt out of the MediShield scheme and join other schemes that do not have this cross subsidy. Therefore, we have to be very mindful. Even...

Full article: http://geraldgiam.sg/2012/03/committee-of-supply-debate-w...

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