Proposed new MediShield Life premiums could rise by up to 35% in 2023
SINGAPORE — Proposed MediShield Life changes may see life premiums rising by up to 35 per cent for certain age groups in 2023, among other preliminary recommendations made by the MediShield Life Council.
“Premiums need to be adjusted periodically to support enhancements that provide better coverage and higher payouts, and to keep pace with healthcare cost inflation and actual claims experience,” said the Ministry of Health (MOH) on Tuesday (29 September) in a press statement.
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Vinent 04/10/2020
Increase by 35% is too much for the jobless old folks. The government should absorb the 35%
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