Managing Healthcare Encouraging Self-Reliance
Jan 16, 2016
Managing Healthcare
Encouraging Self-Reliance
What is Self-Reliance?
Not relying on othersNot relying on others
Having enough resources / moneyHaving enough resources / money
Being able to pay for oneselfBeing able to pay for oneself
Not being a burden to othersNot being a burden to others
Why Self-Reliance?
Lessen burden on governmentLessen burden on government
Lessen burden on taxpayersLessen burden on taxpayers
Promote responsibilityPromote responsibility
More focus on the truly needyMore focus on the truly needy
Encouraging Self-Reliance
MedisaveMedisave
http://bit.ly/crtfY1 (MOH Website)http://bit.ly/crtfY1 (MOH Website)
MedifundMedifund
http://bit.ly/dlZpdj (MOH Website)http://bit.ly/dlZpdj (MOH Website)
There are 2 main means by which the government encourages self-reliance. These are:
Medisave
Part of Central Provident Fund Part of Central Provident Fund (CPF)(CPF) contributions contributions
Money is channeled monthly to MedisaveMoney is channeled monthly to Medisave
For an adult 35 & below, 20% of CPF goes to For an adult 35 & below, 20% of CPF goes to MedisaveMedisave
For more detailed information:For more detailed information:
http://bit.ly/hPolr (CPF Website)http://bit.ly/hPolr (CPF Website)
Medisave
Used to pay hospital billsUsed to pay hospital bills
Use of Medisave extended after feedbackUse of Medisave extended after feedback
ChemotherapyChemotherapy
High blood pressure medicationHigh blood pressure medication
Assisting in conceptionAssisting in conception
HIV anti-retroviral drugsHIV anti-retroviral drugs
Medisave
More information on use of MedisaveMore information on use of Medisave
http://bit.ly/aTK3K8 (MOH website)http://bit.ly/aTK3K8 (MOH website)
Medisave (Question)
Which group of Singaporeans may not have Which group of Singaporeans may not have Medisave? (There may be more than one) Medisave? (There may be more than one) Why?Why?
Medisave
With Medisave, healthcare spending is With Medisave, healthcare spending is reducedreduced
S’poreans can pay for their own billsS’poreans can pay for their own bills
Healthcare becomes a shared responsibilityHealthcare becomes a shared responsibility
Govt. burden is reducedGovt. burden is reduced
No need to raise taxesNo need to raise taxes
Medishield
Medisave unable to cover long-term treatmentMedisave unable to cover long-term treatment
National healthcare insurance schemeNational healthcare insurance scheme
Premiums paid with MedisavePremiums paid with Medisave
Claims made from Medishield cover large billsClaims made from Medishield cover large bills
Medishield covers long-term hospitalisation Medishield covers long-term hospitalisation and treatments like dialysisand treatments like dialysis
Medishield
Medishield has been expanded over the yearsMedishield has been expanded over the years
Example: EldershieldExample: Eldershield
For people above 40 years oldFor people above 40 years old
http://bit.ly/cyX8iy (MOH Website)http://bit.ly/cyX8iy (MOH Website)
Encouraging Self-RelianceIn conclusion,In conclusion,
Encouraging self-reliance allows people to pay Encouraging self-reliance allows people to pay for their own healthcare and lessen the for their own healthcare and lessen the burden on the government and taxpayers. burden on the government and taxpayers. This allows government to better manage This allows government to better manage healthcare by directing resources to areas healthcare by directing resources to areas where it is more needed and not have to pour where it is more needed and not have to pour more money than is necessarymore money than is necessary