Who is minding the gap on health in health insurance?

A regulatory void exists with MAS regulating the financial aspects of health insurance providers, but no agency regulating the health coverage provided

MediShield Life was implemented by the Government in November 2015. Since then, all Singaporeans regardless of age or pre-existing diseases have cover from this universal health insurance scheme.

Together with Medisave, should a Singaporean choose subsidised care (in a Class B2 or C ward) from restructured hospitals, MediShield Life will largely ensure that Singaporeans do not have to make out-of-pocket payments for 90 per cent of bills.

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A version of this article appeared in the print edition of The Straits Times on September 17, 2020, with the headline 'Who is minding the gap on health in health insurance?'. Print Edition | Subscribe