21 Jul '12, 7am

MediShield should take on more risks on behalf of Singaporeans

While I acknowledge that the enhanced MediShield coverage may require some premium increases to keep the scheme solvent, is there is a need for such steep increases in premiums and deductibles? Less than 0.1% of MediShield policyholders reach their policy year and lifetime claim limits, so the cost impact should be limited. Furthermore, between 2006 and 2010, MediShield collected an average of $131 million more in premiums each year than it paid out in claims. Even factoring in the need to set aside an amount each year for its reserves, I believe there is there room for the MediShield scheme to take on greater risks on behalf of Singaporeans.

Full article: http://geraldgiam.sg/2012/07/medishield-should-take-on-mo...

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