deardear07:

Estéema:

This year, Spore will hv a bumpy ride now that Mahathir is in control of Msia - HSR postponed, cut us out with supplies of fishes, cause us knee jerk pain fr recent hair pick of Johore airspace & maritime boundaries, just as he’s tried to “bully” us on Pedra Branca territorial claims.


Think we must brace ourselves fr the weather changes & trickling effects on food products (vegetation), water based produce such as fish (also by pollution), all kinds of flu affecting pigs, avian flu, etc.

I’m learning to appreciate what nature gives us after I started gardening & reaping my vegetables for dinner table. My crops depend very much on sun & rain - too little/ too much causes my poor plants to be malnourished or root rot or leave burnt. Just hv to manage the best we can with what life throws at us.

yeah... during this period especially, we should stay united. we all have our fair share of rants of putting food on the table but these external parties do affect us even more...

Estéema:

This year, Spore will hv a bumpy ride now that Mahathir is in control of Msia - HSR postponed, cut us out with supplies of fishes, cause us knee jerk pain fr recent hair pick of Johore airspace & maritime boundaries, just as he’s tried to “bully” us on Pedra Branca territorial claims.


Think we must brace ourselves fr the weather changes & trickling effects on food products (vegetation), water based produce such as fish (also by pollution), all kinds of flu affecting pigs, avian flu, etc.

I’m learning to appreciate what nature gives us after I started gardening & reaping my vegetables for dinner table. My crops depend very much on sun & rain - too little/ too much causes my poor plants to be malnourished or root rot or leave burnt. Just hv to manage the best we can with what life throws at us.

hercules:

JannettLee:

1. That is cold comfort.

As I said before, based on what I can foresee, the private IP premiums will definitely increase much more because of the added risks premiums from including those with pre-existing illness.
So it is confirmed that the Insurance Companies will have big adjustments to private IP premiums after General Election right (say 1 year later)?
No point delaying right since it will be jacked up right?
Better let people know the real cost now!

You huh, don't even know what's the relationship between Medishield Life and IP then anyhow use your imagination to write things that are false.

Premium of Medishield Life got bare minimal to do with the premium of IP, they are independent of each other when each doing their own risk costing.

You may go research if you want to know more thoroughly in this matter. Don't intend to educate you any further.

:snooze: :snooze: :snooze:

hercules:

JannettLee:

1. That is cold comfort.
As I said before, based on what I can foresee, the private IP premiums will definitely increase much more because of the added risks premiums from including those with pre-existing illness.
So it is confirmed that the Insurance Companies will have big adjustments to private IP premiums after General Election right (say 1 year later)?
No point delaying right since it will be jacked up right?
Better let people know the real cost now!

You huh, don't even know what's the relationship between Medishield Life and IP then anyhow use your imagination to write things that are false.

Premium of Medishield Life got bare minimal to do with the premium of IP, they are independent of each other when each doing their own risk costing.

You may go research if you want to know more thoroughly in this matter. Don't intend to educate you any further.

:snooze: :snooze: :snooze:

JannettLee:

1. That is cold comfort.

As I said before, based on what I can foresee, the private IP premiums will definitely increase much more because of the added risks premiums from including those with pre-existing illness.
So it is confirmed that the Insurance Companies will have big adjustments to private IP premiums after General Election right (say 1 year later)?
No point delaying right since it will be jacked up right?
Better let people know the real cost now!

hercules:

JannettLee:

The Insurance companies are supposed to revise Private Integrated Plans premiums after latest Medishield Life changes but have been delayed on request by some people till early next year. I expect quite some increase. As usual, changes are good chances to adjust premiums for better :censored: ....
, just like changes to premiums from Medishield to Medishield Life, despite the huge \"profits\" (aka unpaid reserve) in Medishield pool.
[quote=\"sayalittleprayer4you\"]I am just more amused all this reconfiguration of IPs for hospitalization comes just right before GE...... :imanangel: :imanangel:

JannettLee:

Seems like you are not using your brain yet as you are just posting some motherhood statements and with a 3% \"cross subsidy\" figure that is vaguely defined.
Firstly, are you telling us that each of us are just paying 3% more to cross subsidize the rest of those who have pre-existing illness?
Secondly, how do you calculate and obtain the 3% figure?
What assumptions you made in there to get this figure?

If you go through the details, you will know that the 3% figure is a highly misleading figure of the additional costs of us.

hercules:

[quote=\"JannettLee\"]Anybody with functioning brain will know that when you try to add people with pre-existing illness and not already covered in medical insurance scheme into the existing pool who are healthy, insurance companies will definitely jack up the insurance premiums to take into consideration the escalated claims that will result from those with pre-existing illness. Do you even need numbers to substantiate the obvious and no-brainer?

Since you are questioning my statement, why not you provide the numbers to refute my claim?
Empty talks and trying to brush us off and throw us off-track with tactics like asking us to provide numbers (that you know we don't have) and when MOH cannot be transparent enough to provide us with the hard figures to substantiate their claim are just plain useless............

'no brainer' people like me simply need facts to substantiate serious 'thoughts' like these. it's 'dangerous' to talk emptily.

below is what I could get:

2. What is the total cost of universal coverage and how will this be split across Government, general insured population, and those with pre-existing conditions?

The total cost of universal coverage is estimated to be $1.1 billion in the first 5 years of MediShield Life. This is because those with pre-existing conditions are more likely to incur costs for the treatment of their conditions. The Government has accepted the Committee’s recommendation for the Government to bear the bulk of the costs (about 75%) with the remaining cost split between all policyholders and those with pre-existing conditions.

Policyholders will pay no more than 3% from their current MediShield premiums due to the cost of universal coverage. Uninsured members who have pre-existing conditions that developed before the start of MediShield Life coverage may have to pay Additional Premiums of 30% for 10 years, depending on how serious the condition is. Insured members whose conditions developed before the start of MediShield coverage will similarly have to pay Additional Premiums, reflective of their higher risks.

This cost-sharing approach helps our fellow Singapore Residents and is line with our move to strengthen risk-pooling across society and build a more inclusive society. Many members of the public have expressed their support for sharing in part of the costs of universal coverage, to help their friends and neighbours.

source: https://www.moh.gov.sg/content/moh_web/ ... anchorName

so 'healthy insureds' 'cross subsidy' is \"no more than 3%'.

Others who are interested to get more details on the 'mechanics' of MS Life can go comb the above link. (it contains clearer details of the logic to 'distribute' premiums across the age bands).

Support Medishield Life!

JannettLee:

The Insurance companies are supposed to revise Private Integrated Plans premiums after latest Medishield Life changes but have been delayed on request by some people till early next year. I expect quite some increase. As usual, changes are good chances to adjust premiums for better :censored: ....

, just like changes to premiums from Medishield to Medishield Life, despite the huge \"profits\" (aka unpaid reserve) in Medishield pool.

sayalittleprayer4you:

I am just more amused all this reconfiguration of IPs for hospitalization comes just right before GE...... :imanangel: :imanangel:

sayalittleprayer4you:

I am just more amused all this reconfiguration of IPs for hospitalization comes just right before GE...... :imanangel: :imanangel:

dimsum:

JannettLee:

And talking about about normalizing to the young age groups to pay more and saying that they can afford to pay more, it is obscene that medishield life premiums for those in the age group of 1-20 years old have been jacked up by almost 3 times! Tell us, you mean those between 1-20 years old got income and can afford to pay for the medishield life premium? Who pay for them? We! ]

Don't worry, govt is planning to take care of the medishield life premium for those in the age group of 1-20 years. Please refer to last Sunday's NDR.
http://www.pmo.gov.sg/mediacentre/prime-minister-lee-hsien-loong-national-day-rally-2015-speech-english
\"Thirdly, Medisave. In Singapore, when a new baby is born, you do not just get the birth certificate, you also get the CPF Medisave account. And the account comes with some money from the Government to help cover your MediShield premiums and vaccinations and other expenses, at least for the first few years. And this is called the Medisave grant for newborns. So we will increase the Medisave grant for newborns, we will make it enough to cover MediShield Life premiums until you are 21 years old and also help with other healthcare expenses such as recommended vaccinations. Because until 21, really the burden is on your parents. After 21, we presume you will be looking after yourself and this will give your parents greater peace of mind.\"

hercules:

JannettLee:

Anybody with functioning brain will know that when you try to add people with pre-existing illness and not already covered in medical insurance scheme into the existing pool who are healthy, insurance companies will definitely jack up the insurance premiums to take into consideration the escalated claims that will result from those with pre-existing illness. Do you even need numbers to substantiate the obvious and no-brainer?

Since you are questioning my statement, why not you provide the numbers to refute my claim?
Empty talks and trying to brush us off and throw us off-track with tactics like asking us to provide numbers (that you know we don't have) and when MOH cannot be transparent enough to provide us with the hard figures to substantiate their claim are just plain useless............

'no brainer' people like me simply need facts to substantiate serious 'thoughts' like these. it's 'dangerous' to talk emptily.

below is what I could get:

2. What is the total cost of universal coverage and how will this be split across Government, general insured population, and those with pre-existing conditions?

The total cost of universal coverage is estimated to be $1.1 billion in the first 5 years of MediShield Life. This is because those with pre-existing conditions are more likely to incur costs for the treatment of their conditions. The Government has accepted the Committee’s recommendation for the Government to bear the bulk of the costs (about 75%) with the remaining cost split between all policyholders and those with pre-existing conditions.

Policyholders will pay no more than 3% from their current MediShield premiums due to the cost of universal coverage. Uninsured members who have pre-existing conditions that developed before the start of MediShield Life coverage may have to pay Additional Premiums of 30% for 10 years, depending on how serious the condition is. Insured members whose conditions developed before the start of MediShield coverage will similarly have to pay Additional Premiums, reflective of their higher risks.

This cost-sharing approach helps our fellow Singapore Residents and is line with our move to strengthen risk-pooling across society and build a more inclusive society. Many members of the public have expressed their support for sharing in part of the costs of universal coverage, to help their friends and neighbours.

source: https://www.moh.gov.sg/content/moh_web/ ... anchorName

so 'healthy insureds' 'cross subsidy' is \"no more than 3%'.

Others who are interested to get more details on the 'mechanics' of MS Life can go comb the above link. (it contains clearer details of the logic to 'distribute' premiums across the age bands).

Support Medishield Life!

JannettLee:

And talking about about normalizing to the young age groups to pay more and saying that they can afford to pay more, it is obscene that medishield life premiums for those in the age group of 1-20 years old have been jacked up by almost 3 times! Tell us, you mean those between 1-20 years old got income and can afford to pay for the medishield life premium? Who pay for them? We! ]

JannettLee:

Anybody with functioning brain will know that when you try to add people with pre-existing illness and not already covered in medical insurance scheme into the existing pool who are healthy, insurance companies will definitely jack up the insurance premiums to take into consideration the escalated claims that will result from those with pre-existing illness. Do you even need numbers to substantiate the obvious and no-brainer?


Since you are questioning my statement, why not you provide the numbers to refute my claim?
Empty talks and trying to brush us off and throw us off-track with tactics like asking us to provide numbers (that you know we don't have) and when MOH cannot be transparent enough to provide us with the hard figures to substantiate their claim are just plain useless............

hercules:

JannettLee:

1. \"To you, is more like cross subsidy.\"
To correct your statement, it is clear that it is not \"more like cross subsidy\", it is clear that we healthy insurees are being made to cross subsidize those with pre-existing illness!

the idea of 'cross subsidy' is what you think. do you have the numbers to substantiate your thoughts or they are just 'thoughts'?