27 Feb '12, 12pm

Call for private health insurance sector reforms

Call for private health insurance sector reforms

SINGAPORE: Building an inclusive society is one key thrust of this year's Singapore Budget. And the government has pledged to double its yearly healthcare expenditure from S$4 billion to some S$8 billion over the next five years to provide better healthcare and enhance subsidies. On top of these measures, some analysts and healthcare providers suggest that the government could look at more reforms in the private health insurance sector to further benefit lower-income Singaporeans. Most Singaporeans do not have sufficient health insurance coverage for the rainy days. According to industry players, ample insurance coverage would work out to about 10 times one's annual income. AIA Singapore's chief technology officer, Leong Weng Ling, said: "Our nationwide protection survey found that six out of ten Singaporeans claim that they know how much insurance coverage they will requi...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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