MediShield fund $5.9b, claims to premiums ratio 43%?
According to the Ministry of Health‘s (MOH) web site – “As at end 2016, the total assets of the Fund stood at $ 5.9 billion. Over the past 5 years, on average, about two-thirds of the Fund comprised reserves to fund the expected scheme liabilities.” Does this mean that the claims paid as a proportion of the assets of...
Hawkers’ issues addressed, except 2.5x increase in costs?
I refer to the article “New rules for social enterprise hawker centres from Jan 1, including standard termination notice: NEA” (Straits Times, Nov 9). It states that “Stallholders at social enterprise hawker centres (SEHCs) may operate five days a week and terminate their tenancies with no more than two months’ notice...
Are we setting aside too much reserves for MediShield Life?
The MediShield Life Fund is said to be designed in a way that it is self-sustaining and based on actuarial principles, with each age group paying premiums, under the compulsory MediSheld Life which all citizens in Singapore have to subscribe to, to broadly support its own current and future claims. "This means that the Fund...
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