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How to break the health insurance ‘vicious circle’
Private insurance claims and premiums keep rising. To stop this trend, reinstate deductibles and expand the MediShield Life coverage to B1 wards.
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Insurers are coming up with “overly generous” policies that pay the full hospital bill, and patients pay high premiums for this coverage.
ST PHOTO: KELVIN CHNG
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When everyone is pedalling harder and harder to keep going, but no one is happy, you have to pause to ask yourself: Just what is wrong and what can break the cycle?
In essence, this was the message of Health Minister Ong Ye Kung, when he said health insurance was in a “vicious circle”.
