Based on how much was lost on failed investments, the amount should be able to sustain or at least subsidize the healthcare costs of the needy for a substantial period of time.
From what i have heard in the rally speech, it seems medisave is an account for very specific payments. Eg. the old man who had a $5000 or so bill but is unable to settle it at a hospital using his medisave. Man was in his 80s. why?
It's not like we are collecting very little taxes. Taxes everywhere and extras on top of it. Petrol tax, alcohol tax, cigarette tax, road tax, erp, COE, IRAS, etc. Its where the money is being spent.
Millions on foreign student's scholarship at Universities where our very own Singaporeans doesn't get a place let alone subsidies? Then telling us its ok not to be a graduate but has a payscale just for it?