Private Shield Premium to increase next year

[FP_IFA]

Hike is expected to be about 9 to 15 per cent for the top end plan.

http://www.straitstimes.com/singapore/health/some-15-million-face-premium-hikes-when-moratorium-ends

 

[akwl88]

top end plan ard $400 per year?

15% increase ~ $60 increase

 

[FP_IFA]

top end plan ard $400 per year?

15% increase ~ $60 increase

It depends on age. It can be in the thousands if the policyholder is old.

 

[akwl88]

It depends on age. It can be in the thousands if the policyholder is old.

yeah i forgot to quote the price is for pple in their 30s

 

[lewissac]

Hike is expected to be about 9 to 15 per cent for the top end plan.

http://www.straitstimes.com/singapore/health/some-15-million-face-premium-hikes-when-moratorium-ends

Sigh... Another price hike.

I already pay $546 for my AIA liao. add in another 15%... Jialat. another $48.00.

 

[FP_IFA]

Sigh... Another price hike.

I already pay $546 for my AIA liao. add in another 15%... Jialat. another $48.00.

I am hoping AIA wouldn't hike much. They are one of the few that isn't making a loss in the shield business now.

 

[windwaver]

I am hoping AIA wouldn't hike much. They are one of the few that isn't making a loss in the shield business now.

AIA and GE are the only ones making money; AIA made the most.

AIA made an eye-popping profit of S$700.52 million in 2015 - more than the combined annual premiums earned from 2012 to 2014.

http://business.asiaone.com/news/higher-medical-costs-claims-take-toll-3-out-5-ip-insurers

 

[akwl88]

Sigh... Another price hike.

I already pay $546 for my AIA liao. add in another 15%... Jialat. another $48.00.

another 15% is $81.90

 

[Shion]

Bad news for consumers

 

[lewissac]

another 15% is $81.90

actually I did not include medishield Life. The cost I mentioned is actually the premium with medishield, which is deducted from medisave.

 

[neanea]

After medishield life come out, private insurancers increase price. Why come out medishield life in the first place??????

 

[windwaver]

AIA and GE are the only ones making money; AIA made the most.

AIA made an eye-popping profit of S$700.52 million in 2015 - more than the combined annual premiums earned from 2012 to 2014.

http://business.asiaone.com/news/higher-medical-costs-claims-take-toll-3-out-5-ip-insurers

After medishield life come out, private insurancers increase price. Why come out medishield life in the first place??????

I think the fault lies with all the greedy doctors in private practice, not a problem of medishield life.

 

[alpha_kenny1]

I think the fault lies with all the greedy doctors in private practice, not a problem of medishield life.

I agree.
If you got headache, instead of take panadol, go for CT scan. Don't worry about cost thats what's insurance for.

 

[Maeda_Toshiie]

I agree.
If you got headache, instead of take panadol, go for CT scan. Don't worry about cost thats what's insurance for.

Given the radiation dose from a single CT scan, I don't think it's something I'd go for free, unless it is really necessary...

 

[chopra]

This system is all about spoiling market. Like car insurance. One small dent claim gao gao.

Unsustainable business.


Maybe one way is for insurance coy to buy over private hospitals. Make sure hospitals run in a lean way.

Sent from hoping for a slower paced singapore using GAGT

 

[FP_IFA]

This system is all about spoiling market. Like car insurance. One small dent claim gao gao.

Unsustainable business.


Maybe one way is for insurance coy to buy over private hospitals. Make sure hospitals run in a lean way.

Sent from hoping for a slower paced singapore using GAGT

Hmm... that might actually work! LOL!

edit: I take back my word. It might not work. The insurer might ask the hospital to just let the client die. LOL!

 

[limster]

Private hospital can order lobster for dinner. Their TV probably got more channels than what you have at home.

 

[akwl88]

Private hospital can order lobster for dinner. Their TV probably got more channels than what you have at home.

Wonder whether pple go hospital to recover or to enjoy

 

[neanea]

After so much talking we are still going to pay more. How?

 

[chopra]

Hmm... that might actually work! LOL!

edit: I take back my word. It might not work. The insurer might ask the hospital to just let the client die. LOL!

If GE GENERAL HOSPITAL practise that, i will switch to AIA general hospital. If AIA general hosp also abuse patient, i will switch to ntuc general hospital. And so on.


This is the only way to make it sustainable as the "cost centre aka medical fee" of insurance firm is under the scrutiny of the insurance firm.

- docs will be under the scrutiny to avoid using expensive drugs
- docs wont anyhow ppl who by right shld outpatient to stay
- docs wont suka suka prolong patient stay (high profile cases like lky, nathan. Im sure there are many others).

In a morbid way, die is the cheaper option sometime for the greater good.