The alternative news in 1 day? (part 5)

December 9, 2013

theonlinecitizen

Dec 9, 2013

http://www.theonlinecitizen.com/2013/12/the-alternative-news-in-1-day-part-5/

I refer to the article “Lifetime claims limit might be removed in MediShield Life” (Sunday Times, Dec 8).

Increase Medishield lifetime limit?

It states that “When MediShield changes in 2015 to include everyone for life, the current $300,000 lifetime limit will likely be scrapped. And if review committee chairman Bobby Chin has his way, people who stay healthy will receive rebates on their annual premiums, he said on Saturday.”

– Since Medishield is designed to cover class C and B2 hospitalisation, how many have ever exceeded the current $300,000 lifetime limit?

How many can’t afford Medishield premiums?

As to premiums, how many lapsed their Medishield because they could not afford to pay the premiums, last year and in previous years? How many have zero or less than $2,000 in their Medisave accounts?

One of the most profitable national health insurance schemes in the world?

What was the excess of premiums collected to claims paid since Medishield started plus the accumulated interest on these excess funds?

When Medishield-Plus was transferred to a private insurer, was the accumulated surplus transferred too?

Leong Sze Hian

 

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About the Author

Leong
Leong Sze Hian has served as the president of 4 professional bodies, honorary consul of 2 countries, an alumnus of Harvard University, authored 4 books, quoted over 1500 times in the media , has been a radio talkshow host, a newspaper daily columnist, Wharton Fellow, SEACeM Fellow, columnist for theonlinecitizen and Malaysiakini, executive producer of Ilo Ilo (40 international awards), Hotel Mumbai (associate producer), invited to speak more than 200 times in about 40 countries, CIFA advisory board member, founding advisor to the Financial Planning Associations of 2 countries. He has 3 Masters, 2 Bachelors degrees and 13 professional  qualifications.