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