Debated in Parliament on 10 Jul 2018.
Assoc Prof Daniel Goh Pei Siong asked the Minister for Health why CareShield Life is not replacing ElderShield for all Singaporeans with transitional subsidies to ease the shift, as was the shift from MediShield to MediShield Life in 2015.
Ms Sylvia Lim asked the Minister for Health whether the Government will review the principles for setting premiums for the proposed CareShield Life scheme so as to have equal premiums for men and women.
Mr Leon Perera asked the Minister for Health (a) how are premiums and payouts for CareShield Life calculated in respect of assumptions, such as the targeted capital adequacy ratio and medical loss ratio for the scheme; (b) whether the actuarial model determining such CareShield Life premiums and subsidies will be made publicly available; and (c) how does the ratio of premiums to payouts and the actuarial model used compare to similar Government schemes in other developed countries.
Mr Dennis Tan Lip Fong asked the Minister for Health how will the Government ensure that the CareShield Life scheme to be administered by the Government will be as or more cost-efficient as compared to ElderShield which is run by private insurers.
Mr Leon Perera asked the Minister for Health (a) whether there will be additional support for those who cannot afford to pay CareShield Life premiums even after means-tested premium support; (b) how will the quantum of such additional support be determined; and (c) whether and to what extent will disposable income be used in making this determination as opposed to merely per capita household income.
Mr Speaker, as I will be moving a Motion on CareShield Life shortly. May I have your permission to take Question Nos 5 to 9 during the Motion?
Yes, please.
Thank you.
PAPERCUTS