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28-01-2015, 06:00 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
PAP claims it will be spending some $8 billion to pay for the PGP but this figure is totally misleading. PAP will not be spending $8 billion but will actually be raking in even more profits in the form of Medishield Life (ML) premiums, effectively transferring money from our CPF into GIC.
Presently, most elderly Singaporeans are not able to afford healthcare insurance even with premiums much lower than Medishield Life’s (ML). To get around this, the PAP intends to empty the Medisave accounts of their children with the introduction of ML and through legislation. Subsidies are a joke because they will be only a fraction of the impending premium increase. PAP must have also known that without PGP subsidies, ML will likely be the final nail in PAP’s coffin.
Is the PAP helping elderly citizens by implementing ML? The answer is clearly ‘no’ – the whole exercise is to simply shift the burden from the state to their families. If the PAP continues to dominate parliament, the non-payment of ML premiums will result in a fine/jail term or both. Every responsible child will then have no choice but allow the use of his Medisave account, risking depletion.
More.....
https://likedatosocanmeh.wordpress.c...-by-pap-again/ (https://likedatosocanmeh.wordpress.com/2015/01/25/20150125-dont-be-fooled-by-pap-again/)
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?199134-How-PAP-cons-us-amp-profits-from-the-Pioneer-Generation-Package&goto=newpost).
PAP claims it will be spending some $8 billion to pay for the PGP but this figure is totally misleading. PAP will not be spending $8 billion but will actually be raking in even more profits in the form of Medishield Life (ML) premiums, effectively transferring money from our CPF into GIC.
Presently, most elderly Singaporeans are not able to afford healthcare insurance even with premiums much lower than Medishield Life’s (ML). To get around this, the PAP intends to empty the Medisave accounts of their children with the introduction of ML and through legislation. Subsidies are a joke because they will be only a fraction of the impending premium increase. PAP must have also known that without PGP subsidies, ML will likely be the final nail in PAP’s coffin.
Is the PAP helping elderly citizens by implementing ML? The answer is clearly ‘no’ – the whole exercise is to simply shift the burden from the state to their families. If the PAP continues to dominate parliament, the non-payment of ML premiums will result in a fine/jail term or both. Every responsible child will then have no choice but allow the use of his Medisave account, risking depletion.
More.....
https://likedatosocanmeh.wordpress.c...-by-pap-again/ (https://likedatosocanmeh.wordpress.com/2015/01/25/20150125-dont-be-fooled-by-pap-again/)
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?199134-How-PAP-cons-us-amp-profits-from-the-Pioneer-Generation-Package&goto=newpost).