Addressing higher payments instead of cost
By 1 Dec the basic Medishield premium will just go up. It will just go up, like it or not, object or not. It has so been decided. And it is so cheap, $1 more a month for the young and only $40 a month for those above 80. Hey that is $480 more a year above what they are paying now. This is what happens when you have no control over your CPF or Medisave. A ruling, and your money disappears. No one is interested in addressing the cost of medical fees but on how to make you pay. How much will Medishield be expected to pay out? ICU claims from $200 to $900, surgical implants like pacemakers and hip replacement form $2,500 to $7,000. Or not happy can opt out. Can anyone afford to opt out and risk being bankrupted with this kind of medical fees? The increase premium also means that the patients are now able to afford to pay more. This also means that hospital can also afford to charge more. But no sweat. According to one reitiree who was so glad, he said he did not feel any pinch because the premium was paid by his Medisave. My 85 year old mum was even happier. She said it was free. No need to pay because CPF was paying. But for the millions of CPF account holders, millions were paid from their CPF, like it or not, use it or not. Everyone is paying in advance. So cheap.