Sign up | Log in



Home  >>   Daily News  >>   Singapore News  >> Insurance  >> Important to find out how much S'poreans willing to pay for insurance: GPC
NEWS UPDATES Asean Affairs   18 November 2013  

Important to find out how much S'poreans willing to pay for insurance: GPC

SINGAPORE: A member of the Government Parliamentary Committee for Health has said it is important for the MediShield Life Review Committee to find out just how much Singaporeans are willing to pay in insurance premiums.

Dr Chia Shi-Lu said on Friday that this should be done before deciding what kind of coverage should be offered to them.

He also suggested giving rebates to healthy individuals. This could help to allay concerns that healthy people will have to pay for premiums that will be used to pay for others with health problems.

Dr Chia added that this would be preferential to penalising those who have health problems, noting: "We want to be careful about messaging because we don't want to be overly discriminatory. This is a shared safety net, and so everybody plays a part."

In determining how MediShield Life will be designed, Dr Chia said that it must be sustainable, and that the committee's key challenges lie in determining how much in premiums Singaporeans will have to pay and what will be their out-of-pocket expenditure.

He noted that different people have different needs, and it may be tough to find a one-size-fits-all solution.

Dr Chia said: "Most patients want something that is simple -- I think those who are a bit older and those who may be a bit less particular or sophisticated in their healthcare-seeking behaviours would just want something simple that will look after everything and still give them quality.

"However, among my younger patients, I think they are more discerning. They always ask about different options, different tiers, what they can do, and so on. So I think it also depends on the patient. I think everyone wants something simple, but especially among the younger generation, I think they want a bit more choice.

"The problem with choice is that sometimes it is a bit more expensive in the short, medium, and long-term, than if we make everything standardised for everyone. Because if you standardise everything, it does mean there will likely be some restrictions."

Dr Chia also pointed out that having a blanket insurance system like MediShield Life is an important first step in changing the perception that Singapore's healthcare system is not affordable.

Dr Chia said that while the GPC for Health will not be directly involved in the work of the review committee, it will continue to put forward viewpoints and suggestions from the ground for the committee to consider.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories   18 November 2013 Subsribe Now !
• Indofood CBP acquires Club for Rp 2.2 trillion Subcribe: Asean Affairs Global Magazine
• Thailand extends medical aid to the Philippines Asean Affairs Premium
• Important to find out how much S'poreans willing to pay for insurance: GPC
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Investors leasing new apartments to get property market moving
• EU-Myanmar business forum starts in Yangon
Asean Analysis          15 November  2013 Advertise Your Brand
• Asean Analysis-November 15, 2013
We Are All Filipinos: U.S. Response to Typhoon Haiyan Is Foundational
Asean Stock Watch     15  November  2013
• The Biweekly Update  November 15, 2013 • Asean Stock Watch-November 15, 2013

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand