Wednesday, May 4, 2011

cheap, world-class healthcare?


during the current hustings, is it any surprise that the opposition has harped on the issue of healthcare costs in singapore. in fact, one opposition party, the singapore democratic party proposed that the healthcare budget should be raised to $10 billion from the current $4 billion.

and there was also the highlight that our health minister, mr khaw boon wan's expenditure of just $8.00 for his heart by-pass last year, which hinted on abusing the healthcare system for his very own benefit.

mr khaw has come out to clarify that the sum referred to his own out-of-pocket expenses and not for the total bill which amounted to some $25,000.00 which included a week's stay in a Class A ward and was settled with his own MediShield and MediSave account.

my comments:


i'm happy our health minister, mr khaw boon wan has further clarified on the actual numbers with regard to his in-patient heart by-pass bill of $25,000.00 and definitely not just $8.00.

why?

because many would have had the mistaken belief that it costs just $8.00 for a major heart sugery and a week's stay in a Class A ward.

is mr khaw's total bill of $25,000.00 an insignificant sum?

if u are a multi-millionaire or top tier income earner, your answer may be different but to the masses of people here, it may still be a pretty big bill to them.

and that's why one of the best cost-effective way to hedge present and future healthcare costs (which tend to rise the fastest) is never to go without an integrated shield plan which is medisave approved. but the use of Medisave is subject to a limit of $800 per insured person, per policy year for insured members below 81 years old (age next birthday). for insured members 81 years old (age next birthday) and above, the withdrawal limit for premiums is $1,150 per insured person, per policy year from 1 December 2008.

if u are still out of the integrated shield circle, and still insurable, surely, you owe it to yourself (and your loved ones) to come under this essential umbrella.

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