5/30/2018

CareShield Life – A big black hole exposed. You save I spend

CareShield Life is the third compulsory insurance scheme that the people are forced to pay for by the govt. The two existing compulsory insurance schemes are the CPF Life and Medishield Life. Insurance schemes are useful as a form of protection to those that were hit by unforeseen events. They are the good to have things. But not many people can afford the luxury of paying for so many insurances.
 

Be clear about these three insurances. They are not govt schemes to help the people. They are govt schemes to compel the people to pay for insurances that many could not afford to. Insurance is a luxury for those who could afford them. Many are trying to make ends meet and cannot afford such luxuries. Forcing them to pay for such insurances is to force them to cut down on other expenses.
 

No one would say no to having insurance if they could afford them. It is a no brainer to as anyone if they need insurance or if they want these insurances. But it is not what they want but whether they can afford it. All these insurance premiums are going to make a bigger dent into the shrinking CPF savings of the people. And the sillies are pretending they did not know why the biggest savers in the whole world could not save enough for their retirement. They did know want to know why the savings are being depleted, robbed, stolen, while the people are saving as much as they could, much more than any human bean in the world.
 

What is the big black hole? The committee claimed to be stressed by difficult issues on whether people could afford to pay and whether the payout would be enough. But they forgot or conveniently refused to talk about the big black hole.
 

They do not want to tell you what would happen to the excess cumulated fund from these schemes. They did not want to tell you that these compulsory schemes are profit making in nature, not to help you but to make money from you, from your compulsory payment of premiums. For many years, the excess funds collected were in the billions, but conveniently kept by the govt.
 

If the main objective of these schemes is to help the people, they must not be profit making in nature. Excess funds must be rechanneled back to the people in the scheme to lower the premiums they are paying.
The main objective of these schemes are not so paternalistic, altruistic, but to make money from you. Period. This is the glaring big black hole. You think they are really so caring, thinking about helping you, like raising GST to help the poor? It is all about making profits from you, from your life savings, from your retirement fund. They are forcing the people to pay for schemes that they may not want to make profits from the people.
 

I withdraw everything I said about this profit making motive if the govt comes out to say that these are not profit making schemes and all excess funds collected would be ploughed back to the schemes to lower the burden of the people in lower the premiums they have to pay.
 

As for now, you save, they spend for you. And when you don't have enough for retirement they would say you must save more.

22 comments:

Anonymous said...

The White Vampires r really monies suckers. Its minions too r suckers. Only that dishonourable son vampires be slapped by a Dr M to teach that suckers a lesson, Sinkies r tired of a one party rule claimed Dr M.

Virgo49 said...

Aiyo, 3 or three over billions SURPLUS from those suckers who brought previous Eldershield Con Scheme made them opened their eyes big big to cast a bigger net to nap more daft Sinkies to the Careshield what's a nice name scheme. CARE for U

Now,also they want the PIEs back.

The CPF just furnished them a break down of how much Sinkies had in their Medisave accounts and how much Temasick needs.

So,as a sweetener give you some sweets first.Later you pay FULL price.

Anonymous said...

It was reported in the media that there were some 1.3 million ElderShield policyholders at the end of last year, with some $3.3 billion contributed into ElderShield. But only $133 million has been paid out in claims so far, leaving about $3.2 billion with interests in the fund.

It's not known what the government is doing with the $3.2 billion excluding interests sitting around.

https://www.theonlinecitizen.com/2018/05/28/govt-launches-compulsory-careshield-life-while-optional-eldershield-garners-3-3b-with-only-133m-payouts/

Anonymous said...

Rb, another good article but what else can I say or add except to say Knn Lor

Anonymous said...

These are really evil men and women.

When will heaven open its eyes?

Anonymous said...

No point kpkb kpkb and kpkb!

However unhappy with new schemes.....

When come to voting..... PAP!

SG is like that lah!

Hahaha........

Virgo 49 said...

You see the recent articles from Shit Times. Now shits times on on these types now so detrimental to the PAP wrote some quite far comments.Maybe they also want to prolong their Rice bowls.

One poor lady has to beg so many doctors just to certify that her mum qualified for payouts.

Most rejected as they feared their licenses and rice bowls if they were been disputed by the Authority.

Just earn you a few dollars and kena sabo lose my license.

That's why now they said open to non aligned Agencies like nurses to certify. But they all still scared.

Earn 100 to 150 and later the jokers can go Genting I kena PSM.-Private Smapai Mati

Anonymous said...

I approve of all these Life schemes to stuck sinkies money.

Why?

Coz majority of sinkies will simply use lumpsum CPF money to go fuck 6 yr olds in batam.

Batam underage sex industry already depending on sinkies as main market. Will be even worse if sinkies all can take out lumpsum.

Also I don't want to sponsor fuckers who refuse to look after their own health.

Most sinkies are like that --- eat like pigs. You go out on the streets and the MRTs ... see the people ... 80% are either overweight or obese.

And after kena stroke or diabetes leg amputation or kidney failure or heart attack, then KPKB and expect public to donate $$$$$$ and provide free medical & free salary for life.

I work in hospital & I see too many of such fucker sinkies. The problem is that such issues happen when people are 60+, 70+. They have 50+ years to fuck around, enjoy life, eat like pigs, don't exercise and then expect others to foot the bills after that. God should have make the punishments happen in their 20s and 30s. Then fuckers will wake up.

If it's due to congenital / genetics then I'm OK becoz its not completely their fault, and it's arse luck & the % is small. Such people also tend to die out eventually as they're not in capable situation to have children.

Even with Medishield Life & Careshield Life, taxpayers still need to sponsor such fuckers because C Class and B2 Class treatments still require 60++% subsidies from taxpayers.

Anonymous said...

They tout the CareShield as socially inclusive.

But what happened to Halimah Yacob's "Do good, do together" ?

Why she never share her S$1.56 million annual salary with the poor and needy?

Just going around mouthing motherhood statements like kee-chiu Chan?

PAPIGS 81 (Politically Apathetic Post Independence Generation Sinkies 81) said...

@ Anonymous May 30, 2018 12:20 pm
>>> They tout ...... socially inclusive. But what happened to ..... "Do good, do together" ? ..... Just going around mouthing motherhood statements like kee-chiu Chan? <<<



NO COMMENT.

Ⓜatilah $ingapura⚠️ said...

@ RB

Please lah uncle. Still cheaper than a place like Oz. Here we pay 2% of income to (compulsory) Medicare Levy, plus if you have the cow sense to NEVER trust the govt, you'll pay a few thousand more private insurance to cover you and your family.

Singapore's income tax is also very low. Since CareShield is compulsory, it is therefore a TAX.

Make of that what you will. But it won't matter. Everyone has to pay their taxes.

Virgo49 said...


There is One comment made by one Anon which I find it hard to swallow. My Reply to him as follows:-

Anonymous Anonymous said...

Do not curse the
PG.
Some are living in regrets, others trying to make amend and repent.
They were naive and innocent in their younger days.
Please be forgiving though their mistakes are horrendous.

May 30, 2018 10:41 am
Anonymous

Virgo49 said...

Hello why you 3G and 4G generations always think it its our faults that caused you poor Bats rads 3G and 4G generations shits of troubles???

Do you not know that the majority of the Protesters and Bloggers are mainly from the PG Generations???

Without the PG First Echelon Leaderships and also the PG and 2G generations, you fuckers think you got so good lives today???

Starbucks, Buck Teeth and ZOUKS.???

What's bloody contributions you 3G and 4G Generations contributed to Society??
Just maybe smarter in handling your 3G and 4G Hand-phones and even walking like Blind Bats knocked into the PG and 2G citizens!!!

Riding skate boards and E-scooters and banging into old folks!!!

It's because of your 3G and 4G generations DUDS that caused the downfall of Singapore which we painstakingly built for years.

Just because you can GOGGLED better you think you are SMART??? These are just the tools of commercial trade and values.- Nothing Else, you UNDERSTAND???

I Can also just GOGGLED just as good in Genting Resorts.
It's also because of your DAFT DUDS now 3G and 4G MINISTERS WHO ARE USELESS THAT CAUSED YOUR EMPLOYMENTS AND SUFFERINGS.

You 3G and 4G duds want to blame us for all your woes. All wants part time, free lance and contract works so that can enjoy enjoy. Know where id the Best Buffets and what's Ramen and Suziyaki. In no time with the blink of an eye you are already 60s with NO SAVINGS,NO CPFs and NO Nothing. The time for you yo go and pick cardboard.

The 3G and 4G Leaders so greedy that they slaughtered you. Our PG Leaders GKS,LKS and etc no slaughter us.

See Mahathatir, he 1G or 2G, How smart!!! Better than all the 3G and 4G Leaders.

You yourselves VOTED for your 3G and 4G Leaders in the last few ERECTIONS and you want to blame us?? PG, many already sold salted eggs and no need voting.

WAKE UP YOU IDLERS!!

See your STUPID 3G and 4G Leaders.
Built.non stop MRTs and LRTs.

Later? Said wrong choices. Just built and built without costing the costs and whether can be viable or NOT

Breakdowns also said must increased fares as these got nothing to do with breakdowns.

See Mad Hater.Just Medical Degree from then Singapore's Medical College at College Road.

He can estimated and calculated whether HSR can be viable or not.

Your 3G and 4G duds ministers with string of paper degrees only good for toilet papers.Only wisdom is how to con and trick the masses.

Mahatahir can said we won't made a cents.Takes 167 years to just recover costs. Also no spending on maintenance,salaries and lay time.

Your Pee Ayam, degrees in Mathematics and Scholars some more.

Don't know what's is One Plus Two??

Ⓜatilah $ingapura⚠️ said...


@ Virgo

Wah, steady lah uncle. Not enough that Singaporeans fight about politics, who's way of making money is the best, sheeple vs "wokes" ("woke" as in awake! aware! alert! )...now you want to start inter-generational warfare.

Hahaha...dun forget every generation in produced by the previous generation fucking and sucking each other, and shitting out the resultant ungrateful children.

Got filial piety law? 🤣😂

Anonymous said...

The Dracula Syndrome has become an uncontrollable epidemic infecting the top echelon of of million dollars minionic sycophantic cronies. The deadly blood-thirsty disease has infected their brains to the extent they do not know where should be their limit.

Anonymous said...

The PG uncles voted for PG leaders. They were not bad.
The problem is caused by 3G leaders and more problems coming from 4G leaders. And the 3G/4G voters voted for them.

So who to blame?

Many PGs have long voted against the PAP 3G leaders and definitely not the 4G leaders.

Virgo49 said...


Right Bro 3.42

Bravo! WELL SAID

TKS

Anonymous said...

@ 3.42pm //Many PGs have long voted against the PAP 3G leaders and definitely not the 4G leaders.//



Next time any Masters Athletic meet the millenials can organise la la dui or pom pom cheerleading gals for you all!

Jia YOu!

They will shout:

"Team PG"

Then drums: "Pong Pong Pong"

Then shout again:

"Jia YOu"!

Like they shout during olympic ...

Virgo49 said...

If your remarks are complimentary
with sincerity, then it's acceptable.

If they are meant to be sarcastic then you are also insulting your Grand parents and parents.

Anonymous said...

"Many PGs have long voted against the PAP 3G leaders and definitely not the 4G leaders" unquote.

That is very true. Only the young failed to realise that PGs lived through conditions under the old leaders, the not so old and the new leaders. Sit in any coffeeshop (not coffeehouse, like Starbuck where only the young frequent and the mood is different) or old folk's corner and you are bound to enjoy the free flowing, mother cursing comments levied against the PAP's later generation of leaders.

The PGs are old, but not daft in understanding the implications of where we are heading to, under all those stifling and blood sucking policies shafted down the throats of Sinkies.

Anonymous said...

They keep sucking the blood of the poor to make sure they can continue to be paid their millions. Devils in disguise.

Anonymous said...

We are in it together, ha ha ha. I am laughing all the way to the bank with the money of the silly poor suckers. Ha ha ha. Do good together.

Anonymous said...

Sinkies are really fucked for good now. Serve you right to continue voting in the same people to screw you. Stop kpkb. Go and suffer in silence.