the ministry of health has announced that the healthcare subsidies for prs will be revised downwards for in-patient services (class B2 and class C wards), day surgery and specialist outpatient clinics in government restructured hospitals as well as intermediate and long term care services.
for the intermediate and long term care sector, the adjustments will be implemented in the third quarter of 2012, while the changes in the government restrutured hospitals will see the implementation in 2 phases; in october 2012 and april 2013 to mitigate the effect of these adjustments on prs.
please refer to the coming changes as reflected in the tables as shown.
my comments:
for singapore citizens clamouring for more recognition of the differentiation from prs, this is one of our government's response to putting singaporeans first.
i suppose it is also inevitable given that medical or healthcare costs tend to rise the fastest and i believe insurers offering integrated shield products will have to go back to their drawing board to re-look at the current pricing vis-a-vis the coming implementation of lower subsidies for prs.
and i wouldn't be surprised that the current prices will not stay status-quo once the implementation kicks-in especially with the most cuts on subsidies affecting those who are in the higher or highest income brackets.
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