Insurance
What You Need to Know About the New Cancer Drug List (CDL)
By Sethisfy  •  April 4, 2023
Cancer is a disease that affects millions of people around the world, and it can be very costly to treat. In Singapore, the Ministry of Health (MOH) conducted a review of MediShield Life in 2020 and found that the cost of cancer treatment was increasing at a shocking rate of 20% per annum compounded each year. This staggering increase each year means that treatment costs will continue to escalate quickly, and premiums for healthcare insurance will also increase drastically unless something is done to control these rising costs.

What is the Cancer Drug List (CDL) and why?

To address this issue, MOH has created the Cancer Drug List (CDL), which is a list of approved cancer drugs that can be claimed from your MediSave, MediShield, and one’s integrated Shield policy. The changes have already been implemented for MediSave and MediShield from September 2022,...
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By Sethisfy
As an adult, I’ve been through many ups and downs in my career path and personal finance journey, not unlike many Singaporeans. From my years as a tied insurance agent turned independent financial adviser, I realised that there are very few sources of proper, unbiased financial advice for working adults to access. Worse, self-styled “financial consultants” are selling products like savings plans and ILPs to the detriment of the clients whose interests they were supposed to serve.
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