Do an accuarial audit of Medishield before changes are made....

[TopSage]

stop obfuscating. the government would have come out to denounce the data if it were so far off the mark.

I gave the feller all the proof number and reference. He can still deny. This feller is in absolute denial.
He has been stalking me for quite a while....and I'm not a movie star.

 

[bryanlim1972]

I gave the feller all the proof number and reference. He can still deny. This feller is in absolute denial.
He has been stalking me for quite a while....and I'm not a movie star.

you should feel flattered.

 

[TopSage]

much as i dislike CMH whose articles i still read, i feel cases like hers should still be lumped into the general risk pool. not everyone with pre-existings is as fortunate as her to have the means to pay for higher premiums. this defeats the point of the scheme. or means testing can be introduced and a special high risk pool can be introduced for those with the means.

its a great idea to get an audit done on the scheme. i hope this idea takes traction soon.

the increase in premiums will be inevitable. the government can extend an olive branch to singaporeans and shoulder a greater share of the increase. individual responsibility should still be emphasized but with a much softer touch.

It is not a 1 or zero thing. Today you can still get insurance for pre-existing conditions, they simply calculate your risk level based on your particular condition based on a pool size of 1 to work out the premium. By combining everyone, it is the other extreme. In between is various levels of shared risk from those with pre-existing and those who don't.

The other way which I favor is to use income taxes which is progressive to pay for those with pre-existing conditions and not increase everybody's premiums. This I AM SUR ETHE PAP WILL NOT DO!

 

[TopSage]

you should feel flattered.

Actually I feel sorry for him. I think due to long durations under the PAP some people become psychologically trapped in the mindset the PAP frame for them.

 

[Kenneth]

Actually I feel sorry for him. I think due to long durations under the PAP some people become psychologically trapped in the mindset the PAP frame for them.

your statement prove that your brain is as small as a sparrow.

 

[winnipegjets]

Ask for data, give me another article from the extreme anti-PAP website, U really a retarded.

What lah, you think we have complete access to government data ah? If you don't believe, don't lah. Btw, government data is of the same standard as that of the PRC government.

 

[Bigfuck]

What lah, you think we have complete access to government data ah? If you don't believe, don't lah. Btw, government data is of the same standard as that of the PRC government.

That is why Topsage is talking fuck.　All insurance schemes are Ponzi.　And they will never be manageable as some greedy fucker will push the exponential increase far past the ability of an arithmetic progression. Leegime does not know how to swindle properly and do not that you need to swindle for your people and not just themselves.

 

[AttilaTheHun]

I think is fair that Kenneth ask for the source of the info.

Does this count?




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http://leongszehian.com/?p=1543


What is the accumulated surplus in MediShield?


refer to the increase in MediShield premiums.

Claims grew faster than premiums?

One of the reasons given for the increase was that between 2008 and 2011, the MediShield scheme paid out 21 per cent more in claims each year, while premiums grew by only 10 per cent each year.

The above statistic is but just one of various statistics that may be taken into account for the financing of national healthcare insurance schemes.


Other statistics which we need to know are the ratio of claims to premiums (not the growth in claims over premiums), the accumulated surplus in the MediShield scheme, the accumulated interest on MediShield funds, etc.

$131m more in premiums than claims?

For example, it was disclosed in Parliament recently that between 2006 and 2010, MediShield collected an average of $131 million more in premiums each year than it paid out in claims.

As I understand that most countries’ national healthcare insurance schemes are funded on a break-even basis, why is our MediShield accumulating huge surpluses? The consistent rhetoric that the MediShield scheme is not for profit, should be backed up by more disclosure of MediShield’s financial statements.

Medisave top-ups pay for premium increase?

As to the one-time Medisave top-up announced in the recent Budget to help cushion the impact of the premium increase, and older policyholders who are beyond the re-employment age of 65 will receive direct and long-term assistance via Medisave top-ups under the GST voucher scheme of up to $37.50 per month which can offset the premium increase in full. I would like to point out that Medisave top-ups may not necessarily be used to pay increased MediShield premiums as they may be instantly wiped out by medical bills or past bills in arrears.

Medifund surplus to protected reserves?

Also, instead of transferring the $86 million Medifund surpluses over the last three elections to the protected reserves, why not transfer this to the MediShield fund instead?

This may negate the need to increase premiums by so much now.

MediShield accounts should be made public?

I would also like to suggest that the financial statements and accounts for MediShield be made public.

.

Alex Lew
Leong Sze Hian

 

[t0nychat]

Healthcare is free in Malaysia and the standard is World Class with very short waiting time.