Affordability of MediShield Life premiums "should never be an issue": PM Lee
Published on Jun 27, 2014 6:00 AM
NEW YORK - While Singaporeans will have to pay higher insurance premiums under the upcoming universal healthcare plan MediShield Life, the Government will ensure that "affordability should never be an issue", Prime Minister Lee Hsien Loong said on Thursday.
The premiums payable for the upcoming healthcare plan, which will cover all Singaporeans and offer better protection against large medical bills, will be kept within each person's Medisave contributions, Mr Lee said.
"That's a design feature which we will maintain. So over time, as costs change, as premiums change, we will make sure that [the premiums] can be paid out of Medisave and therefore affordability should never be an issue."
He was speaking to reporters in New York, at the tail end of a week-long visit to the United States.
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