Large sums of money accumulating in our MediShield Reserves?
Accumulated MediShield Reserves grew by 158% from 2008 to 2010? We refer to the article 'Healthcare system focuses on cost effectiveness: Gan Kim Yong' (Straits Times, Mar 28). Further to our article 'What is the accumulated surplus in MediShield?' (TR Emeritus, Mar 26), a reader, Dr Tan Lip Hong, sent the following MediShield...
Why is the jobless rate for cleaners high if there’s a shortage?
Leong Sze Hian We often read that Singaporeans do not want to be cleaners (‘Where have the cleaners gone?’; Mon, 26 Mar, ST). If that is so, why is it that the unemployment rate for cleaners, labourers and related workers, at 5.1 per cent, was the second highest among all job categories, according to the Ministry of Manpower’s...
What is the accumulated surplus in MediShield?
Leong Sze Hian I refer to the increase in MediShield premiums. Claims grew faster than premiums? One of the reasons given for the increase was that between 2008 and 2011, the MediShield scheme paid out 21 per cent more in claims each year, while premiums grew by only 10 per cent each year. The above statistic is but just one...
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