10 July 2015
I was bemused when Channel News Asia reported that there would be new Additional Withdrawal Limits to help Singaporeans pay for part or all of their Integrated Shield plan premiums using money in their Medisave accounts.
Associated Professor Phua Kai Hong of the Lee Kuan Yew School of Public Policy describes the move as being generous.
Almost all, if not all, Singaporeans and permanent residents consider money in our Medisave accounts (and our Ordinary, Special and Retirement accounts with Central Provident Fund) as belonging to us individually, not the Government.
If the Ministry of Health is setting Additional Withdrawal Limits so that we can use more of our money in our Medisave accounts to pay for part or all of our Integrated Shield plan premiums, the Ministry is neither helping us nor being generous to us.
Unless the Ministry of Health believes that our Medisave money belongs to the Government.
A Freudian slip, perhaps?
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