Insurance
call for medisave to cover more ailments
By Patrick Lim  •  October 27, 2011
some mps and health industry experts are calling on the government to further liberalise the use of medisave to cover a wider variety of ailments such as: a. covering more outpatient treatments such as those for chronic ailments b. costly items, such as scans which are presently allowed only for cancer patients and they are also pointing out that medisave usage should be revised yearly to keep up with the rising cost of living. dr lam pin min, head of the government parliamentary committee (GPC) for health, further suggested that government subsidies be increased for the lower- and middle-income groups as the rise in medical costs outstrips wage increases. my comments: our government has long ago recognised the need to expand the use of medisave and since october 01, 2006, medisave has been extended to cover outpatient treatment for specified chronic diseases under the chronic disease management program (CDMP) and ......
Read the full article
By Patrick Lim
Patrick is an Associate Director with Promiseland. He has more than 20 years of personal investment experience both in stock and shares and unit trusts. In his early years as an investor, he got burnt really bad in the infamous 1987 crash and again during the clob incident. With 2 decades of so-called battle scars behind him, the last few years (since 2003) have been good to him especially with his single country funds doing exceptionally well. On his investing style, he is both a technical analyst and fundamentalist. Patrick view wealth accumulation as part and parcel of the wealth management process but only if one has already executed his/her wealth protection planning on an on-going basis.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance