Pay higher premium when you're young?

Pay higher premium when you're young?

People have commented on the timing of your GPC report.

We did not want to clash with the release of the OSC (Our Singapore Conversation) report, which was going to receive major publicity. After it was released, we realised there was a window period till the Rally. I reckoned that was the ideal time to submit our report to the Health Ministry.

 

How convinced are you that it's a big shift, as the PM said, for health care?

It is a fundamental philosophical shift in health-care financing by the Government.

The current philosophy is that of pragmatism, eclecticism and personal responsibility. The fundamental shift entails the Government taking on a bigger role in providing that social safety net and extending a helping hand to Singaporeans for their health-care needs.

 

Is this shift enough to put to rest the sentiment that Singaporeans can afford to die but not to fall ill in this society?

This is always work in progress. The Government needs to carefully titrate the policy tweaks to meet the health-care needs of Singaporeans and to ensure that our health-care financing policies remain relevant.

However, we should not go down the slippery slope of excessive and extravagant spending so much so that it becomes financially unsustainable in the long run.

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