Careshield: Stop Making Public Health a Profit-Making Business

The government’s introduction of the Careshield Life medical insurance scheme will deepen the financial woes of Singaporeans while fatten state coffers.

The scheme will compulsorily deduct from Singaporeans’ CPF accounts to pay for the premiums starting at age 30. The scheme will replace the current Eldershield programme which allows people to opt out and payment starts only at 40.

This is despite the government is making a handsome profit from Eldershield. Health Minister Gan Kim Yong admitted that the government collected $2.6 billion in Eldershield premiums 2002 and 2015 and only paid out $100 million in claims. That’s more that 96 percent of profit.

The payout of Careshield of $600 per month is unrealistically low. It is not much of an improvement over the $400 per month in Eldershield – $600 is barely sufficient to cover basic living costs, much less medical care costs.

Even though the payout is for life (as opposed to 6 years under Eldershield), only those with “severe disabilities” will qualify for the payouts. The lifespan of these individuals are usually not long.

Severely disabled people who are often bed-ridden have to be physically turned every two hours to avoid pressure ulcers. Such care requires home nursing visits which will cost, at the very least, $56 a day. This means that the payout of $600 a month will not even last two weeks.

And what about people who may, at some point in the future, become too sick to work (but have to continue paying premiums) but are not disabled enough to qualify for payouts?

As mentioned, the premiums will be taken from CPF accounts. Singaporeans are already saddled with heavy use of CPF savings for medical care and HDB loans. Further deductions for Careshield will only reduce the already meagre savings for retirees.

Without any meaningful opposition to check it, the PAP government is now dipping into our savings at will and making the people pay for everything while it hoards public funds. Needless to say, this will exacerbate the already serious problem of inequality in Singapore.

The PAP has introduced this scheme without providing satisfactory justification. Why can’t the government pay for the increased premiums using the excess funds of $2.5 billion collected under Eldershield?

In addition, all this is happening in the context of the government having accumulated, by some estimates, $1 trillion in our reserves. In 2017 alone, the government collected a budget surplus of nearly $10 billion.

Given the situation and coupled with a climate of ballooning healthcare costs, the SDP calls for healthcare insurance premiums to be capped and the government to pay from its coffers any further increases.

Like Medishield, Medishield Life, Medisave, Eldershield or the latest Careshield Life, Singapore’s healthcare system must not be a profit-making one. The PAP must stop treating Singaporeans like consumers to be milked.

 

Singapore Democrats

 

 

Sponsored Content

23 Responses to “Careshield: Stop Making Public Health a Profit-Making Business”

  • Good for Singapore Please:

    What ever scheme it is,just make sure Medical Care is affordable for all Singaporean…

    GD Star Rating
    loading...
  • Bapak:

    70% stupid bochap fools like to be screwed by PAP, what can we do.

    GD Star Rating
    loading...
  • HarderTruths:

    Who is going to tell them? Who? 70% ? No. Me? No. You all? No.

    We open our big mouth we kenna sleep in ISA cell like Amos.

    So nothing can be done. Case closed.

    GD Star Rating
    loading...
  • Draculas:

    All kinds of shields.
    but are we the common folks really shielded?

    GD Star Rating
    loading...
  • pap.guarantee.win.GE2020:

    Hello Stupid Democrat,

    If no profit, where to get the money to fund the highest salary of the highest office on the land ?

    Our founding father already said “What’s wrong with collecting more money ?”

    The fact that we PAP can afford to pay out of this world salary to all civil servants show that our reserve is safe and sound.

    PAP.Guaranteed.Win.GE2020
    Majullah PaP, PaP Huat Huat Huat, Majullah S$1 to RM 4
    Singaporeans support 9% GST
    Singaporeans support 9% salary increment for PaP

    GD Star Rating
    loading...
  • LIONS:

    Dun wolLEE,we will make sure you mati
    We gonna suck up your last penny.
    Gun Kim Yong is just a medical tax collector.
    You want health minister?
    Then vote SDP’s Prof Paul T.

    GD Star Rating
    loading...
  • Samuel S:

    When car insurance premium increases they claimed motorists claimed more the premium collected. But when health insurances received more than payouts, nobody care to explain or advise lower premiums

    GD Star Rating
    loading...
  • too lan:

    Another good example of $$million minister who care about pap more than the people.

    He is suppose to serve the people, but ended up we kena screwed again, againer and againerer by such people.

    Under his watch, so many mistakes and unnecessary deaths, yet he remains in power. KLLBCCB …

    GD Star Rating
    loading...
  • Rebates for Members!:

    Collected $2.6 billion, paid out $100 million claims?

    Keep so much money for what?

    Who is managing the Balance?

    AGO auditing the Account?

    GD Star Rating
    loading...
  • flying under the radar:

    Gan Kim Young is very good in flying under the radar.

    GD Star Rating
    loading...
  • We are all Doomed:

    HarderTruths:
    The payout of Careshield of $600 per month is unrealistically low. It is not much of an improvement over the $400 per month in Eldershield – $600 is barely sufficient to cover basic living costs, much less medical care costs.

    Sorry Amos did not speak about CPF.

    It is Roy N and HHH.

    So let us all do our part in the coming GE.

    Thank you RN and HHH, we NEVER will forget you.

    GD Star Rating
    loading...
  • ChangeNeeded:

    This guy has been depleting and bleeding our CPF dry. If the 70% retards continue the same pattern of voting, be prepared for more of the same or worse to come. Give the opposition a chance just one time to prove themselves worthy.

    GD Star Rating
    loading...
  • Nobody:

    This 70% of pro-PAP are very clever people who always believe what PAP elites say and always follow the PAP’s instructions in thinking they have their hearts on the commoners. This 70% is not stupid.

    GD Star Rating
    loading...
  • Malaysia boleh Singapore bodoh:

    Another compelling reason for REGIME CHANGE.

    GD Star Rating
    loading...
  • Profit insurance Co:

    Has anyone hear insurance company losing money. All insurance company makes hugh profit despite they have a tiny fraction of the market. Besides not taking high risk cases esp in medical insrance of people with past medical records even the person is presently in his best of health. Also the can be aadjustd to their advantage without any control from the laws. Now if the whole population is involved with the same insurance company mentality, just imagine how much profit they can derived from the scheme. Besides, the cpf is deducted from every citizen. If depleted, either cash is demanded or request to deduct that of the children and if the depleted grandchildren may be groped in. This compulsory medical insurance with its miserable payout has three scumbag adv. one no more need to account for what happen to cpf like nuisance Roy though he is butted of by the judicial system on slandervwithout the revelation of why the speculation is untrue.Same with sibling where the accusation can be decrred to be wrong in Parliament which was fully attended uunlke the recent netizens t of empty house except wp mps. Secondly ttheewill be a new siurce of supply continuously for the gorilka famili to play happy with their foreign big lps, the spineless will sell even their flesh & blood just to keep well fed if poing demands it. Thirdly to expliot the fear & worry of escalating rising medical cost as more like arse doctors de in their integrity just to po and get as desired without showing real ssk in their job.

    GD Star Rating
    loading...
  • cb:

    MadShit,cPeeF-lie,madiSick,careShit all equivalent to te骂SICKsiew
    Can’t even claim all for mri when all the fiack there is “economy of scale”when every sinkie paying
    Enough is enough…change we must…knnbccb

    GD Star Rating
    loading...
  • Bebe:

    The baby boomers starting to collect their CPF; no new scheme how to pay the baby boomers!

    GD Star Rating
    loading...
  • Black Magic:

    Wheeling and dealing in profit-making with the common man’s unfortunate circumstances?

    GD Star Rating
    loading...
  • He Must Pay For Crime:

    This fucker is enacting laws to jail citizens for not buying health insurance, what nonsense! fucking fleecing money from all hardworking sinkies, enslaving yourselves and your future generations.

    Why should sinkies be forced to pay for expensive insurance they do not need or do not want or they cannot afford??

    In short this fucking greedy PAP government squandered tax money but not willing to carry the responsibility of providing health care. All the misplaced priorities while paying themselves billions!!

    GD Star Rating
    loading...
  • Bobo:

    Let us chant daily from now till coming GE that the evils be perished immediately. All our robbed money be returned to us. Chanting enhances with cursing will be double effective and very rapidly. One must not sympathize the devil because the devil will never sympathize you. They do not have heart and feeling.

    GD Star Rating
    loading...
  • Jman:

    I agree the profit objective should be taken out of public healthcare.

    The profit objective of the past decade went too far. And there aren’t enough highly visible problems caused to force a rapid reversal in the way delays and faults forced SMRT to change strategy.

    GD Star Rating
    loading...
  • Hello, Stay Focus Please!:

    If you can’t even provide enough hospital beds for the sick, don’t talk about CareShield?

    No matter how many ‘Shields’ you create, the very basic thing you must ensure is, there must be sufficient hospital beds!

    The fact is, you can’t even solve a simple problem (providing sufficient hospital beds) and yet you want to introduce something else to complicate matters!

    Can you tackle one problem at a time please!

    GD Star Rating
    loading...
  • The Rot Started From The Top:

    The way they invented various types of shields, disguised as ‘Caring’ for old and sick folks’ are like scammers in cheating cases. This is an open cheat, because in every shield, in so far, they had made millions out from members. Do we consider such schemes ‘caring’ or profiteering?

    GD Star Rating
    loading...

Leave a Reply

 characters available

Member Services
Members LoginSelf-ClassifiedsSelf-Support
Sponsored Advertisement

Search On TR Emeritus
Sponsored Advertisement


Most Recent Comments
  • oxygen: MOST OF THE 70% DAFTS are just Pavlov’s dog of behavorial response.
  • Rabble-rouser: @ Fatimah: The whole problem begins with the PAP’s Educational Policies & Examination-biased...
  • Kan looNg chiNg: Sama same like Najib’s supporters lah, who even cried, hugged and kissed Rosmah some more....
  • NotMyProblem: “A self centred, selfish and blind faith society being molded by the system, churning out...
  • True facts: All same same kena con. No diff.
  • Kan looNg chiNg: Believe me when I say PAPgov is killing many of our young local talents especially for those whose...
  • Bapak: In another word, the saying “Stupidity has no cure” is absolutely true.
  • guantanamera: one promised to save your soul one promised to save your CPF
  • guantanamera: liddat one lah .. charismatic movement guantanamera guan ni la guantanamera
  • My $8 heart bypass: What do you get from doing NS, besides wasting 2 years of your life and 2 years lagging behind...
  • I'm Halimah also jiak liao bee: Why are all thoese Foreign trash invited in by the PAPIGS made to do NS before giving...
Announcements
Advertisement
Visitors Statistic
Latest Statistic
Advertisements