Health Insurance Schemes Proving Beneficial for Singaporeans

Health Minister Khaw Boon Wan only paid $8 for his recent bypass surgery in the month of May, as he had enrolled himself in the MediShield scheme and also had an extra shield supplement from a private insurer. He posted his experience on his blog mohsingapore blogspot com.

In his blog, he compared the health insurance schemes like MediShield and ElderShield to umbrellas that help people in Singapore during rainy days.

The number of young Singaporeans having no insurance policy has dropped from 45% in 2007 to 17% in 2009.

He further said, "It makes sure that all Singaporeans have access to high quality healthcare".

According to statistics on the Ministry of Health website, heart bypass surgery expenditure is less than $30,000 for 9 out of 10 patients who stay in an A class ward in National Heart Centre Singapore (NHCS).

Around 88% people in Singapore are covered under MediShield and out of these, 58% have private shield supplement plan for getting admitted to A class wards and private hospitals.

The recent reforms in the health care plan like augmenting the MediShield payout from 56% to 66% of large hospital bills in the year 2008 have been proved helpful for these insurance plans.