Who is minding the gap on health in health insurance?

A regulatory void exists with MAS regulating the financial aspects of health insurance providers, but no agency regulating the health coverage provided

ILLUSTRATION: MIEL

MediShield Life was implemented by the Government in November 2015. Since then, all Singaporeans regardless of age or pre-existing diseases have cover from this universal health insurance scheme.

Together with Medisave, should a Singaporean choose subsidised care (in a Class B2 or C ward) from restructured hospitals, MediShield Life will largely ensure that Singaporeans do not have to make out-of-pocket payments for 90 per cent of bills.

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