Following closely behind Han Fook Kwang’s unhappiness about the free hand given to medical insurers to change their premiums and terms of coverage, Salma Khalik has written another piece to highlight the ‘abuses’ or liberties given to insurers at the expense and interests of the insured. Not only can insurers raise premiums, but could stop insuring someone with serious conditions, change the coverage or not even paying for what they deemed should not be covered under the insurance plans. And the insured is stuck with an insurer and changing to another insurer would be difficult or not possible. Salma is yelling at the MAS to do something for the good of the insured.
Medical insurance has always been a commercial transaction with the
insurers thinking only of profit as their main objective. And the
insured would be at their mercy, to be made to pay for their profits all
the way. And this can become a scam to the consumers. And this is
something that is not addressed in the proposed Medishield Life Scheme.
To be serious, for the interests of the the people, the Medishield Life
must not be farmed out to any private insurers. It must be managed as a
govt service like the CPF, ‘for the good of the people’. I know some of
you are sneering. Nevermind that this is a truism that is found
wanting. The profit motive of the Medishield Life must be taken out from
the equation. And to ensure that this will be the case, all the excess
revenue from premiums should be ploughed back to lower the premiums of
the insured in the scheme.
This is a govt initiated compulsory national scheme and must be managed
with morality and social responsibility as the key principles, not
profit. No one should be allowed to covet the revenue churned out by
this Medishield Life Scheme and to lay their hands on the surpluses for
whatever devious schemes they have in mind in the future. Any surpluses
must go back to the people in the Scheme.
In a small way this could ease the buffet syndrome and cut down on
excessive consumption of medical services if the insured know that by
not over consuming they could end up paying less, paying just enough.
And it should remove totally the desire by anyone to think there is
money there for harvest. Oh, there are so much money in the Scheme,
let’s make it more affordable, or the money can be put to better use.
Take your hands off the money!
Don’t touch the money in this compulsory Scheme. It is the people’s
money, forced to pay ‘for their own good’ and it must stay that way. If
the govt is serious in its intent ‘for the good of the people’, keep
this out of private insurers or any insurers. This must be a non profit
making govt scheme, with govt regulated terms and conditions and
coverage for all with no exceptions and exclusion clauses.
Not that I have agree to a compulsory scheme, but it is not going to be
otherwise, so everyone must make the govt know that the surpluses in the
Scheme must be retained in the Scheme for the benefits of the people in
Kopi Level - Green