A promise to hold premiums for 5 yrs… and then what? Remember when they introduced COE for cars they said it was to control the car population and that market forces would determine the price of a COE? Then they began to tweak the system and the more they tweaked, the higher the COEs rose, until today a COE can be many times the price of a car. Health Minister Gan Kim Yong They also started the ERP system, claiming by controlling usage of cars, more people would be able to own cars without jamming up the highways. Today the highways are still jammed and it has become very costly to travel on our roads with the many ERP toll gantries. Then some bright spark in the Govt said Singapore companies should switch to and rely on automation so we need not increase our manpower because Singaporeans are not procreating enough. And then they opened the floodgates to low-cost foreigners to come in and force our own workers to work for lower wages. Employers were more than happy to take in these lowly-paid foreigners and not have to invest in automation. In the meantime, Singaporeans were displaced, out of jobs, or driving taxis and cleaning table tops. Now they have introduced a spanking new healthcare scheme which will see Singaporean residents covered for their lifetime. But they were quick to say coverage is for “subsidised bills” and “…premiums can be better spread over one’s lifetime, to help moderate premium increases after retirement.” So does that mean we have to Pay-And-Pay the premiums even after we retire? And will we have to kiss our CPF goodbye? Health Minister Gan Kim Yong said MediShield Life premiums will remain the same for the first five years. Is that supposed to make us happy? Nevermind that many will be paying more for the scheme, adding to the already heavy burden of taxes, COE, ERP, GST, etc. And after contributions to CPF, just how much change is left in the pockets of an ordinary Singaporean to realise his or her dream of a Swiss-standard of living? The MediShield Life Review Committee Report states: “All pre-existing conditions will be covered.” That means premiums paid by the healthy will subsidise premiums paid for the not-so-healthy. Didn’t we hear previously our Govt’s call for Singaporeans to stay healthy to keep healthcare costs low? Be honest now, how many of you actually fell for this? Following Minister Gan’s announcement that he would hold MediShield Life premiums for 5 years, the Govt may have a tough time trying to convince the populace about the values and effectiveness of MediShield Life, judging from the unflattering comments from disbelieving readers in response to this report: Worries over Medishield Life: As can be seen from private Medical Insurance, the premiums are only projected. There is nothing to stop the insurance companies from revising the premiums. This looks to be the same for Medishield Life. Inflation: Basic premium + 5 years’ inflation + cost escalation = Medishield Life Premium payable now. So, no need to raise premium for next 5 years as we would have paid for all the projected increases now. Halfecho: At the end of 5 years, insurance premiums will definitely rise. This 5 years’ subsidy, and hence low premiums, is to make the changes acceptable to the population. The government still thinks that we can be easily fooled. silenceisgolden: First they give you assurance of no increase for a few years thereafter you die your business. It starts with the minister salaries. Then the ERP, the telecom… every time is no increase as a bait to con you into it. Can these guys come up with fresher gimmicks? PAP’s same Tricky Plan: When the CPF schemes started to evolve from its original retirement purpose to the current crappy state of totally denying S’poreans from withdrawing their CPF monies at age 55… Now with the Medishield Life, PAP is going to force this through parliament again… down our throats. After 5 years when S’poreans start to pay higher & higher premiums and more expensive medical costs… If PAPigs are not voted out at the next GE, we S’poreans will face up to more hardships than we do today. wayang for 5 years: Keep for 5 years. Papshit. Cornered our minimum sum now eyeing how to empty our medisave. The people of Singapore please wakeup. Bebe: With more “forced” participants in medishield life – premiums should be lower instead of higher! Another thing is whenever the gov subsidized anything, they already taken from you much earlier. This gky is milking from our Medisave account even before we are old! Gan KY a typical PAP Sucker: Gan KY, you should tell the people what are you doing with the about 40% Medishield premiums surplus collected from all Singaporeans and unused last year… If I don’t remember wrongly, the amount of Medishield premiums collected and not claimed last year is close to 1 Billion dollars! Keith: We have seen it all too often. After 5 yrs, there would likely be a huge increase in premium and the govt would say it is due to increase in cost blar blar blar and that the increase is long overdue. It’s just a matter of time before they take back what they gave out (with interests!). Holding Premium For 5 Years?: If after 5 years the govt stop holding the premium, then what happens ? Does it mean the every body CPF gonna be sucked completely dry like Dracula sucking blood of the people? Remember the GE2011 Promises?: Fellow Singaporeans, remember what PAP promised in GE2011. Can they be trusted again? PAPists still think their supreme master is correct about Singaporeans are nothing but daft, their rp thinks Singaporeans voices are just noises, their meesiam mai hum nfi of what a nation when he told the ICE that the nation does not belong to the nationals.
Posted on: Mon, 30 Jun 2014 09:21:02 +0000
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