SG Talk

Commentary: To contain spiralling healthcare costs in Singapore, we must remove the original sin

https://www.channelnewsasia.com/commenta...082024_cna

Inflation in healthcare is obviously unsustainable. The reality is that private medical care is a business where operators of clinics and hospitals are responsible to their shareholders in terms of profits and dividends. Private hospitals are also operated by a few major players, resulting in imperfect competition. In view of the escalating costs of medical services, it is hardly surprising that insurers of Integrated Shield Plans have been actively reviewing cost containment initiatives, as claims from private hospitals have spiralled at a faster rate than anticipated. With private healthcare costs rising at more than 20% annually, the govt needs to step in.

Need some advice if give free mRNA jabs but usuals suspects scared to take, then hundred of millions worth expired riao ijjit also contribute to spiraling Healthcare cost? Tongue

(26-08-2024, 10:02 AM)EvertonDiehard Wrote: [ -> ]Inflation in healthcare is obviously unsustainable. The reality is that private medical care is a business where operators of clinics and hospitals are responsible to their shareholders in terms of profits and dividends. Private hospitals are also operated by a few major players, resulting in imperfect competition. In view of the escalating costs of medical services, it is hardly surprising that insurers of Integrated Shield Plans have been actively reviewing cost containment initiatives, as claims from private hospitals have spiralled at a faster rate than anticipated. With private healthcare costs rising at more than 20% annually, the govt needs to step in.

PAP should control or limit the rise of insurance premium.
The insurance companies should make losses if they continue to have generous insurance plans.

The healthcare insurance system should be the insurance companies making losses if they have generous insurance plan.
Now, the insurance companies are making money even if they have generous insurance plan.
Something is wrong with PAP system.

(26-08-2024, 11:12 AM)forum456 Wrote: [ -> ]PAP should control or limit the rise of insurance premium.The insurance companies should make losses if they continue to have generous insurance plans.The healthcare insurance system should be the insurance companies making losses if they have generous insurance plan.
Now, the insurance companies are making money even if they have generous insurance plan.Something is wrong with PAP system.

The Pappies are pro-business so they don't wish to upset these huge publicly listed companies.

(26-08-2024, 11:25 AM)EvertonDiehard Wrote: [ -> ]The Pappies are pro-business so they don't wish to upset these huge publicly listed companies.

the real problem is PAP allows the premium to rise and thus insurance companies can continue to offer generous plan.

as long as premium is limited, companies cannot offer generous plan.

the real problem is still PAP, not the insurance companies or doctors or patients.

The original sin is that there are pressures coming from all directions that stressed out everyone And need medical attention, except the FTrs who are enjoying full employment with high income as compared to their home cuntrymen.

Those who smoke and drink regularly, MUST pay 30% more premiums lah

Why should the rest of the insured buyers pay for them??

We must be prepared to die alone at home to save on medical costs.

(28-08-2024, 07:32 AM)Alice Alicia Wrote: [ -> ]We must be prepared to die alone at home to save on medical costs.

And work until to die to make end meet.

(28-08-2024, 07:35 AM)RiseofAsia Wrote: [ -> ]And work until to die to make end meet.

Most S'porean workers are burning the candle at both ends. That is why our mental as well as physical health will suffer.

Bigiron

EvertonDiehard

Geneco

forum456

EvertonDiehard

forum456

Stoki

Ola

Alice Alicia

RiseofAsia

EvertonDiehard