Serious IP insurers' losses raise possibility of premium hikes

[bic_cherry]

IP insurers' losses raise possibility of premium hikes
Insurance premiums on Integrated Shield Plans may rise further after all six companies offering such plans reported underwriting losses in 2017.
25June 2018.
It is their second straight year in the red, despite most raising premiums last year
Claire Huang
There is a strong possibility that premiums for Integrated Shield Plans (IPs) could rise further, with the six insurers offering such plans suffering underwriting losses last year - their second straight year in the red.
The losses came despite most insurers raising their premiums last year, with the biggest hikes falling on private hospital plans and riders.
TO READ THE FULL ARTICLE @ https://www.straitstimes.com/singapore/health/ip-insurers-losses-raise-possibility-of-premium-hikes

 

[batman1]

Premium hikes ? No problem ,the 70% voted overwhelmingly for it ! Nothing to whine or grumble about.

 

[halsey02]

Dammnit! our fault right? we buy the Integrated Shield plans?our fault the insurers entice us to buy the more expensive plans & riders!?. Our fault, that as we age, we will have certain illness that comes naturally with age & that require seeing specialists & even a hospital stay!?. We have no control over the people we voted for, who controls the cost of visiting the clinics, & hospitals & medication. The Hospitals are ran like a hotel, ranging from budget like Hotel 81 to St.Regis..our fault, we select the St.Regis one, when we have to be hospitalised right? Their contention is, we pay for a medical insurance, we must visit the Poly Clinics & when hospitalised select the "Hotel 81' option.

As consumers in Singapore, we are fook left, right & centre & aided by the government chosen by the 70% voters...we have to just, lan-lay pay, even if the Insurers hike their premiums by 1000% for, "you know who"...will still sing " it is still affordable song" & gives out 'balms' of a few hundred dollars to your medisave account.

We should not be worried or concern....just shut up & pay..what can you do?

 

[batman1]

In sinkeeland promises are made to be broken .There is no such thing as honour or guarantee anymore.They will just detain your CPF money or increase insurance premiums when they incurred colossal overseas speculation losses or business losses.They will receive their own retribution sooner or later.