Selling CareShield Life like selling ‘koyok’?

I refer to the article “Severely disabled people can withdraw up to $200 a month from Medisave from 2020” (Straits Times, Jul 3).

It states that “People who are severely disabled will be allowed to dip into their Medisave accounts and withdraw cash from 2020 – provided they or their spouse have at least $5,000 in their accounts.

This is the first time members will be allowed to withdraw cash from Medisave since it was set up in 1984 as part of Central Provident Fund contributions to help defray hospital bills.

The bigger the sum in their accounts, the more the members will be able to withdraw.

Those with $5,000 in their Medisave accounts – a floor that covers three in four people aged 65 years and older – will be able to take out $50 a month.

On the other hand, those with $20,000 or more in their Medisave accounts will be allowed to withdraw $200 a month. This covers about half the people aged 65 or older, who are more likely to suffer from severe disabilities.

Separately, a fund is being set up to provide more help to needy disabled people.”

As to “Explaining the rationale to allow cash withdrawals from Medisave, Health Minister Gan Kim Yong said: “When a Singaporean is facing severe disability and, at the same time, facing financial difficulties, I feel that we can afford to be more flexible” – is this a joke or what? Allowing people who are severely disabled (unable to perform 3 out of 6 daily activities of living (ADLs)) to withdraw their own money – and only from as little as $50 a month – is “facing financial difficulties, I feel that we can afford to be more flexible”?

Will this, arguably be one of the biggest jokes for national healthcare schemes in the history of the world?

With regard to “He said this change will not result in higher Medisave contributions. Those deemed severely disabled will be able to dip into their accounts from the age of 30.

Potentially half the population would be able to draw on this in their lifetime” – since only “three in four people aged 65 years and older” have “$5,000 in their Medisave accounts” – only “about half the people aged 65 or older” have “$20,000 or more in their Medisave accounts” – wouldn’t the higher premiums for longer premium payment periods under CareShield Life deplete Singaporeans’ Medisave accounts even more and faster, into the future?

With regard to “A new safety net called ElderFund will provide needy disabled people up to $250 a month from 2020” – will the higher premiums result in a continuance of the current public healthcare system, whereby from a cashflow perspective – the Government may still not be spending any money on healthcare as the inflows exceed the outflows annually?

As to “Another two million people, aged 41 years and older when CareShield Life is launched in 2020, will be encouraged to join the scheme from 2021 even though it is optional for them.

These Singaporeans will be offered a $500 to $2,500 incentive to offset their premiums over 10 years.

If they join the scheme within two years, those with chronic ailments and mild or moderate disabilities will be allowed into the fold despite their health conditions. There will be stricter underwriting for those who join later.

People in two-thirds of households can get 20 per cent to 30 per cent premium subsidies. Those who cannot pay their premiums after some years can get additional support.

People aged 42 to 51 years in 2021 who are on ElderShield400 will be automatically enrolled in CareShield Life. They may opt out within two years with no penalty.

Those on the scheme who seek to upgrade to CareShield Life will need to pay higher premiums for 10 years or up to the age of 67, whichever is longer.

Those who are on the older ElderShield300 or who do not have ElderShield coverage may also join CareShield Life if they pay an additional “catch-up premium” over 10 years to bring them to the level of those on ElderShield400″ – why do we make it so complicated and confusing with

… “$500 to $2,500 incentive to offset their premiums over 10 years”

… “can get 20 per cent to 30 per cent premium subsidies – Those who cannot pay their premiums after some years can get additional support”

… “42 to 51 years in 2021 will be automatically enrolled –  may opt out within two years with no penalty”

… “upgrade – pay higher premiums for 10 years or up to the age of 67, whichever is longer”

… “catch-up premium”?

Why not just simplify things by charging everyone lower premiums, instead of all these “incentive premiums”, “additional support”, “premium subsidies”, “catch-up premium”, etc?

Is this not in a sense, akin to “buay ko yok” (selling medicine on the streets)?

Are there any countries in the world that “sell” their national long-term care scheme to their citizens in this way?

Also, since “People aged 42 to 51 years in 2021 who are on ElderShield400 will be automatically enrolled in CareShield Life” – what is going to happen to the estimated $3.6 billion of accumulated ElderShield surpluses?

Finally, here’s what arguably makes the least sense – is the most illogical – since we have already announced the GST increase to 9 per cent, from 2021 to 2025, to fund increased public healthcare spending – why is there a need now to also announce all the above measures to collect more money from the people, from 2020?

By the way – isn’t 2020 the expected date of the next general election?

 

Leong Sze Hian

 

 

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15 Responses to “Selling CareShield Life like selling ‘koyok’?”

  • clown pap and S$m utter fail:

    as with all things pap, especially today with clown pap and S$m gang, anything they say JUST DO THE opposite.

    if clown pap and S$m gang say, sit, jolly well stand.

    if clown pap and S$m gang say, it is good for you, jolly well run away.

    every event implemented by clown pap and S$m gang past 15 years has shown they are never done with welfare of local born jobless poor citizens in mind, only the few clown pap S$m connected clan members.

    actually we laugh at the clown pap PA low rung volunteers. for a packet of chicken rice and brand new T-shirt, they happily waste their short life when clown pap and S$m gang all S$m to enjoy their king, the clown pap and S$m gang kind, of life. so stupid 70% sheep. truly stupid 70% sheep.

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  • Bapak:

    How can Sinkies come to such pathetic stage?

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  • What After CareShield?:

    CareShield Plus or CareShield Plus Plus?

    We have come a long way; Medisave, MediShield, MediShield Life, ElderShield
    and now CareShield.

    Do we really need so many Shields?

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  • LIONS:

    @@What After CareShield?

    Hey,maybe a PAP-$hield?

    Cheapest shield,we need to SHIELD AGAINST PAP GREED,eh?

    Vote OPPO.

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  • Gan Loong Ching:

    KNN! Lim peh see until so confused. So many stupid bloody shields!

    i say, we citizens don’t need whatever shields. It’s the PAPies who need to get themselves PAPshield. After next GE, you bet smelly socks, smelly sneakers, rotten eggs, rotten bananas and whatnot would be aimed at these disgraceful PAPayas!

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  • Aiya it's just laundering CPF:

    If CPF is used mandatory n transfer on paper to state fund, unsettled problem with Citizen’s Roy annoying poking n wanting to peek into what’s going on behindd the smoke screen drawn over cpf will be a no case? The harem of plps have been squeezing their brains beside using to concentrate on polising their tactical use of comforter to score points with the hosts thus optimising the return to come up with what they think is a full proof laundering by paper transfer from contributors to states fund so that the den can play with it whatever, however n whenever they wish including negative investment n get return patting on the back by fully paying for the vacation of the world top rogues on the excuse of deciding global peace! Damn humongous joke like the dinner jokes of Shanghai tap pork soup n Bejing free smoke! Mandatory transfer for medilife is too slow for the lunatic erotic play in the den, so logically extend to Carelife. Next may be insurance for taking care of funeral to make a clean slat of cpf. Who know? 3rd gen is of such quality what can sinkies expect from 4th gen? More shits? More nfi SH Biws. Mahathir is right. it is necessary to have a complete cleanup to save the nation. Najib has shown the way wrt expectation!

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  • HarderTruths:

    The cost of a nursing home in $G is between $2500+ for Cat IV (not able to function) at this moment in time. Say it is $3000 in 2020.

    Government subsidy for no income is 75% if you have no income i.e. $2250

    Therefore Caresheild + Government subsidy = $3100 just make the minimum grade.

    No money for anything else. Family will have to pay.
    But if family have income that can be used, then no subsidy!!!

    See how this works?

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  • I dun trust this gov anymo:

    So many stupid ‘shields’ that dont actually ‘shield’ us when we really need it.
    Where is the money going to?
    Going into hijinx gambling pool$?
    Im sure theyre thinking of still more ways of sucking our hard earned money.

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  • Dr. Chan:

    I suggest the most powerful shield – ‘Vibranium’ shield carried by Captain America. To shield against all PAP bullshit.

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  • Tricks Of Perpetual Thieves:

    What After CareShield?:
    CareShield Plus or CareShield Plus Plus?

    We have come a long way; Medisave, MediShield, MediShield Life, ElderShield
    and now CareShield.

    Do we really need so many Shields?

    Colourful and multipathways to milk dafts.

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  • Nation Of Dumb Roberts:

    I dun trust this gov anymo:
    So many stupid ‘shields’ that dont actually ‘shield’ us when we really need it.
    Where is the money going to?
    Going into hijinx gambling pool$?
    Im sure theyre thinking of still more ways of sucking our hard earned money.

    Those shields are to protect their pockets not yours.

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  • pap clown and deputy clowns:

    Aiya it's just laundering CPF:
    If CPF is used mandatory n transfer on paper to state fund, unsettled problem with Citizen’s Roy annoying poking n wanting to peek into what’s going on behindd the smoke screen drawn over cpf will be a no case? The harem of plps have been squeezing their brains beside using to concentrate on polising their tactical use of comforter to score points with the hosts thus optimising the return to come up with what they think is a full proof laundering by paper transfer from contributors to states fund so that the den can play with it whatever, however n whenever they wish including negative investment n get return patting on the back by fully paying for the vacation of the world top rogues on the excuse of deciding global peace! Damn humongous joke like the dinner jokes of Shanghai tap pork soup n Bejing free smoke! Mandatory transfer for medilife is too slow for the lunatic erotic play in the den, so logically extend to Carelife. Next may be insurance for taking care of funeral to make a clean slat of cpf. Who know? 3rd gen is of such quality what can sinkies expect from 4th gen? More shits? More nfi SH Biws. Mahathir is right. it is necessary to have a complete cleanup to save the nation. Najib has shown the way wrt expectation!

    very well said, bro. thank you.

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  • pap clown and deputy clowns:

    HarderTruths:
    The cost of a nursing home in $G is between $2500+ for Cat IV (not able to function) at this moment in time. Say it is $3000 in 2020.

    Government subsidy for no income is 75% if you have no income i.e. $2250

    Therefore Caresheild + Government subsidy = $3100 just make the minimum grade.

    No money for anything else. Family will have to pay.
    But if family have income that can be used, then no subsidy!!!

    See how this works?

    clown and his deputy clowns all so good in mathematics. they calculate such that on paper clown pap has all schemes to help poor jobless citizens in hardship but in reality not a cent can be dispensed without jumping hoops.

    clown and his deputy clowns all like to do business and make money, when it is a government, duly elected to run as a government, and not abuse power to corner businesses which all fail anyway since clown and his deputy clowns all of them not business caliber to start with but just did well in mathematics examinations one time in their life which today they cannot even do simple sums seeing their ffffing clownish performance past 15 years.

    we hope Dr Mahatir give clown and his deputy clowns hard hard jialat jialat. we are citizens who no longer give a damn about this clown ruined nation.

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  • UniQ:

    All these Shield = to only 1 thing :

    Tools to suck Sinkies off their Blood CPF $$ while advertising gimmicky paybacks (incl CPF paybacks) ?
    Think, why so many shields so much profit (and I mean $Billions ! we have only 3.3 Millions Sinkies Born, Bred n Serve. Do the math !) and still need additional shields ? In need of money or reduce the Mother of All DEBTS ? Sinkies Blood $$ aka Nation $$ aka CPF ?

    You guys are dumb or what ? Simple math, you don’t need a rocket scientist to advise you something is very amiss here ?!?!?!

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  • 30 years from now....:

    Assuming one start paying for CareShield Life in 2020.

    By 2060 or 2065 when he is 60 r 65, is the $600 sufficient by then?

    What is the current percentage of those with disabilities before 60 or 65?

    All the previous Shields have yield alot of unused monies, claim is actually minimal!

    No logic, not at all!

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