Actually no. I just want it to end.
No afterlife. After die it is just done. Gone. Finished. Over. Nothing.
I dont believe there is an afterlife actually.
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Chitchat ST Forum: Decouple private healthcare from MediShield Life
- Thread starter bic_cherry
- Start date
No afterlife. After die it is just done. Gone. Finished. Over. Nothing.
I dont believe there is an afterlife actually.
Since demand is increasing due to the ageing population..better to implement soylent Green. That way demand will drop. However the medical corporations will just loose their cash cow which means it wont happen
Awesome. You got it. Agreed. Yup.
So is Soylent Green cheap food for poor or high class dining for rich?
It's the humane process n the humane treatment of the old n the infirmed, n the sick, n those who want to move on
Good to be poor too. PAP govt WP oppies every one wan to help u! If love can eat they will never starve. Haha!
Like that howbto siphon it to cronies?
go out with a big bang. since this milf is around your area or a province away, can eat don't waste.
The ankle monitor is a turn off.
lol! can lacerate your back too if she’s the wrap-around type.
Get some counselling?
He was a tibetan mastiff.
i don't mind switching places with him if i get to do this everyday.He was a tibetan mastiff.
Koh Poh Koon defends medishield life premium increases
He explained that the 35 per cent hike was because, over the past 4 years, the number of MediShield claimants increased by about 30 per cent while annual payouts went up by about 40 per cent
Photo: YouTube screengrab
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AUTHOR
Obbana Rajah
DATE
November 3, 2020
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Speaking in Parliament on Monday (Nov 2), Senior Minister of State for Health Koh Poh Koon explained why there was a proposed hike in MediShield Life premiums.
The MediShield Life Council announced last September its plans to increase its premiums by 35 per cent in a single adjustment.
In Parliament, Dr Koh responded to questions by several Members of Parliament from the People’s Action Party (PAP), Workers’ Party (WP) and Progress Singapore Party (PSP) about the Government’s justification for increasing premiums, the schemes available to help those who cannot afford it, as well as the rise in hospital charges.
PSP Non-Constituency MP Leong Mun Wai asked Dr Koh whether it is unusual by international standards for a health insurance scheme to increase its premiums by 35 per cent in a single adjustment.
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Dr Koh said it would not be appropriate to compare with other schemes as premiums are priced based on multiple factors “which inevitably vary from country to country”.
“It would also not be meaningful to compute how much premiums a Singaporean will need to pay over his lifetime simply by assuming a fixed compounding factor each year,” said Dr Koh.
He explained that the 35 per cent hike was because, over the past four years, the number of MediShield claimants increased by about 30 per cent and annual payouts went up by about 40 per cent.
He noted that the Government had considered deferring the MediShield Life review and the premium increases due to the current “difficult economic situation” with COVID-19 and added that Singaporeans will receive a COVID-19 subsidy for the next two years, which will “pay for the bulk of the premium increase in the first year”.
According to a CNA report, Dr Koh said a total of S$7.5 billion in premiums were collected between 2016 and 2019. This comprised S$4.4 billion collected from policyholders, and S$3.1 billion from the Government in terms of subsidies and other forms of premium support.
In this same period, S$3.5 billion in claims were paid out, while S$3 billion was set aside for future premium rebates.
Dr Koh explained: “This means that the total premiums collected were slightly less than the total monies required to ensure that the fund is able to meet current claims and future commitments”.
“Premiums collected have to cover potential current and future payouts, including amounts set aside to support future commitments as well as provide a buffer against unforeseen contingencies such as unexpected spikes in hospitalizations due to disease outbreaks,” he said.-/TISG
He explained that the 35 per cent hike was because, over the past 4 years, the number of MediShield claimants increased by about 30 per cent while annual payouts went up by about 40 per cent
Photo: YouTube screengrabShare
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AUTHOR
Obbana Rajah
DATE
November 3, 2020
- Advertisement -
Speaking in Parliament on Monday (Nov 2), Senior Minister of State for Health Koh Poh Koon explained why there was a proposed hike in MediShield Life premiums.
The MediShield Life Council announced last September its plans to increase its premiums by 35 per cent in a single adjustment.
In Parliament, Dr Koh responded to questions by several Members of Parliament from the People’s Action Party (PAP), Workers’ Party (WP) and Progress Singapore Party (PSP) about the Government’s justification for increasing premiums, the schemes available to help those who cannot afford it, as well as the rise in hospital charges.
PSP Non-Constituency MP Leong Mun Wai asked Dr Koh whether it is unusual by international standards for a health insurance scheme to increase its premiums by 35 per cent in a single adjustment.
- Advertisement -
Dr Koh said it would not be appropriate to compare with other schemes as premiums are priced based on multiple factors “which inevitably vary from country to country”.
“It would also not be meaningful to compute how much premiums a Singaporean will need to pay over his lifetime simply by assuming a fixed compounding factor each year,” said Dr Koh.
He explained that the 35 per cent hike was because, over the past four years, the number of MediShield claimants increased by about 30 per cent and annual payouts went up by about 40 per cent.
He noted that the Government had considered deferring the MediShield Life review and the premium increases due to the current “difficult economic situation” with COVID-19 and added that Singaporeans will receive a COVID-19 subsidy for the next two years, which will “pay for the bulk of the premium increase in the first year”.
According to a CNA report, Dr Koh said a total of S$7.5 billion in premiums were collected between 2016 and 2019. This comprised S$4.4 billion collected from policyholders, and S$3.1 billion from the Government in terms of subsidies and other forms of premium support.
In this same period, S$3.5 billion in claims were paid out, while S$3 billion was set aside for future premium rebates.
Dr Koh explained: “This means that the total premiums collected were slightly less than the total monies required to ensure that the fund is able to meet current claims and future commitments”.
“Premiums collected have to cover potential current and future payouts, including amounts set aside to support future commitments as well as provide a buffer against unforeseen contingencies such as unexpected spikes in hospitalizations due to disease outbreaks,” he said.-/TISG
Koh Poh Koon’s response about MediShield Life’s actuarial reports could give the impression that Govt has something to hide
by Ghui
4 November 2020
in Opinion
2 min read
17
Gerald Giam (Giam) from the Workers’ Party (WP) has raised questions in Parliament in relation to the Medishield Life premiums. In particular, the Aljunied Group Representative Constituency (GRC) member of parliament (MP) has asked Senior Minister of State for Health, Dr. Koh Poh Koon (Koh) to release actuarial reports for the Medishield Life scheme as a means to accurately calculate premiums and benefits.
As readers will be aware, the Government has recently announced potential hikes to the Medishield Life scheme, which is compulsory for all Singaporeans. This means that there is no means for anyone to opt out and the increased premiums will be imposed on them whether or not they like it.
With this in mind, it makes complete sense for full actuarial reports to be released to the public. After all, if you are imposing increased premiums on a mandatory scheme, shouldn’t you aim to be as transparent and accountable as possible?
It is also imperative to remember that other countries with national insurance schemes such as Taiwan, already release such reports as a matter of course.
Releasing such reports will help quell disquiet if there are to be necessary increments and will also prevent unnecessary increments – especially at a time of global economic downturn when people are already feeling worried and squeezed.
Koh’s response is therefore rather surprising.
Giam’s request is reasonable and logical. However, instead of agreeing to the release of the full report, Koh said that the Government would “consider” releasing more actuarial calculations to external consultants and academics for further analysis and to challenge assumptions.
What is there to consider?
Actuarial reports are not airy fairy assumptions. They are calculated by high level professionals and are meant to be objective.
Why not just release the full report instead of piecemeal calculations?
Besides, isn’t such data already analysed by external third party consultants? If not, why not? Who then is making objective decisions based on objective data?
Koh’s response, far from reassuring, is giving the impression that the Government has something to hide, even if that is not true. After all, isn’t it easier to release a full report periodically rather than bits and pieces of information at an unspecified time?
It is also noteworthy that apart from being the Senior Minister of State for Health, Koh is also MP for Tampines GRC and deputy secretary- general for the National Trade Union Congress. Given that there is a potential conflict of interest between his political role as minister and MP and as a trade union leader, in what role is he answering Giam’s questions?
As a union leader, Koh should (as a matter of course) be protecting the workers and the premiums they have to pay in this mandatory Medishield Life scheme that workers have to pay into. As Senior Minister of State for Health and as MP, Koh’s loyalty would likely be to the Peoples’ Action Party.
Can Koh really wear these two hats and still be impartial?
Is it even possible?
4 November 2020
in Opinion
2 min read
17
Gerald Giam (Giam) from the Workers’ Party (WP) has raised questions in Parliament in relation to the Medishield Life premiums. In particular, the Aljunied Group Representative Constituency (GRC) member of parliament (MP) has asked Senior Minister of State for Health, Dr. Koh Poh Koon (Koh) to release actuarial reports for the Medishield Life scheme as a means to accurately calculate premiums and benefits.
As readers will be aware, the Government has recently announced potential hikes to the Medishield Life scheme, which is compulsory for all Singaporeans. This means that there is no means for anyone to opt out and the increased premiums will be imposed on them whether or not they like it.
With this in mind, it makes complete sense for full actuarial reports to be released to the public. After all, if you are imposing increased premiums on a mandatory scheme, shouldn’t you aim to be as transparent and accountable as possible?
It is also imperative to remember that other countries with national insurance schemes such as Taiwan, already release such reports as a matter of course.
Releasing such reports will help quell disquiet if there are to be necessary increments and will also prevent unnecessary increments – especially at a time of global economic downturn when people are already feeling worried and squeezed.
Koh’s response is therefore rather surprising.
Giam’s request is reasonable and logical. However, instead of agreeing to the release of the full report, Koh said that the Government would “consider” releasing more actuarial calculations to external consultants and academics for further analysis and to challenge assumptions.
What is there to consider?
Actuarial reports are not airy fairy assumptions. They are calculated by high level professionals and are meant to be objective.
Why not just release the full report instead of piecemeal calculations?
Besides, isn’t such data already analysed by external third party consultants? If not, why not? Who then is making objective decisions based on objective data?
Koh’s response, far from reassuring, is giving the impression that the Government has something to hide, even if that is not true. After all, isn’t it easier to release a full report periodically rather than bits and pieces of information at an unspecified time?
It is also noteworthy that apart from being the Senior Minister of State for Health, Koh is also MP for Tampines GRC and deputy secretary- general for the National Trade Union Congress. Given that there is a potential conflict of interest between his political role as minister and MP and as a trade union leader, in what role is he answering Giam’s questions?
As a union leader, Koh should (as a matter of course) be protecting the workers and the premiums they have to pay in this mandatory Medishield Life scheme that workers have to pay into. As Senior Minister of State for Health and as MP, Koh’s loyalty would likely be to the Peoples’ Action Party.
Can Koh really wear these two hats and still be impartial?
Is it even possible?
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