Dr Akshar Saxena on health insurance changes in Singapore
New private insurance plan riders sold will no longer be allowed to cover the minimum Integrated Shield Plan deductibles set by the Health Ministry from next April. Dr Akshar Saxena, Assistant Professor of Economics at Nanyang Technological University, speaks to CNA about how these changes will influence patient or doctor behaviour, and the impact of higher upfront costs on people's considerations to take up healthcare and on Singapore's public healthcare capacity. He also shares about how healthcare premiums might stabilise and how insurers might redesign riders or offer new features to compete for customers.
New private insurance plan riders sold will no longer be allowed to cover the minimum Integrated Shield Plan deductibles set by the Health Ministry from next April. Dr Akshar Saxena, Assistant Professor of Economics at Nanyang Technological University, speaks to CNA about how these changes will influence patient or doctor behaviour, and the impact of higher upfront costs on people's considerations to take up healthcare and on Singapore's public healthcare capacity. He also shares about how healthcare premiums might stabilise and how insurers might redesign riders or offer new features to compete for customers.
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