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11-07-2014, 11:30 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
Last week MP Gerald Giam brought up an important observation
abt Medishield in the last 10 yrs the scheme only pay out 66cents for every dollar collected worst than all public medical insurance in the world. Without front loading designed in medishield the risk pooling is within each age group so the payout should be close to the premium collected. In Parliament some pap MPs tried to explain that this is to take care of inflation of the future...but medishiled premiums are adjusted every yrr for inflation and age. ...so this is a bogus logic.
It tells us that every scheme designed by the pap
have to be examined as they has a tendency to overburden the populace in order to.build reserves and surplus.
On the surface pretending to be generous and.kind citizens.even as they implement detrimental policies that burden the people badly.
Attached Images
http://www.sammyboy.com/images/attach/png.gif cpf.life.png (http://www.sammyboy.com/attachment.php?attachmentid=15954&d=1405044728) (73.6 KB)
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?185562-Unravelling-the-MATHS-of-CPF-Life&goto=newpost).
Last week MP Gerald Giam brought up an important observation
abt Medishield in the last 10 yrs the scheme only pay out 66cents for every dollar collected worst than all public medical insurance in the world. Without front loading designed in medishield the risk pooling is within each age group so the payout should be close to the premium collected. In Parliament some pap MPs tried to explain that this is to take care of inflation of the future...but medishiled premiums are adjusted every yrr for inflation and age. ...so this is a bogus logic.
It tells us that every scheme designed by the pap
have to be examined as they has a tendency to overburden the populace in order to.build reserves and surplus.
On the surface pretending to be generous and.kind citizens.even as they implement detrimental policies that burden the people badly.
Attached Images
http://www.sammyboy.com/images/attach/png.gif cpf.life.png (http://www.sammyboy.com/attachment.php?attachmentid=15954&d=1405044728) (73.6 KB)
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?185562-Unravelling-the-MATHS-of-CPF-Life&goto=newpost).