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Insurance premiums up by 25%, Singaporeans seeking more ways to cover more medical costs
 

Insurance premiums up by 25%, Singaporeans seeking more ways to cover more medical costs

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LIA Singapore has reported a 25% increase in new premiums and suggests that more Singaporeans are appreciating the "complementary role of IPs" to the compulsory MediShield Life.
 
today.mims.com
 
18 Aug 2016 - General
 
Chih Chiang Nieh It's sad to see healthcare insurance companies take advantage of the healthcare system. In the Philippines, it's even more worse with our system. Consults and procedures are not even half of what is commensurate for a specialist. I believe that a government's goal is to cut on expenses without compromising healthcare benefits for citizens. From this report, the doctors and citizens l...
 (Total 117 words)
The emergence of insurance in healthcare is an increasingly significant issue. Now, general practitioners are gaining much more patients, thanks to the insurance companies, but not earning as much money now due to the insurance, instead the insurance companies are the ones earning from both sides. This is supported by the government, as the government can cut cost on expenses in healthcare as well. The downside is however that the generic drugs offered by insurance may not be as stable as the no...
 (Total 117 words)