The automatic deductions from your Central Provident Fund account will go up by $17 to $251 a year. Deductibles will increase from $1,000 to $1,500 for C class and $1,500 to $2,000 for B2 and above. All because 43 people reached the lifetime limit of $200,000 last year, up from 11 people in 2010. Surely buying one less F15 fighter jet could have taken care of the needs of that extra draw down. And is the extra $700 million really needed for the Nanyang Technological University campus? For four new blocks of staff housing, new retail outlets, cafes and "shaded terraces and pergolas"? Is Bertil Andersson running a school or swanky business enterprise?
There is no opt-out recourse if our senior citizens decide not to extend coverage up to age 90. The present maximum joining age of 75 is enough, thank you, since the premium for that category is already pretty hefty - especially when anyone with pre-existing ailments is excluded from coverage. Imagine, aged 75, and still ailment free. Put on the John Lennon cd.
The salt in the wound has to be the one-time top up to Medisave of between $50 and $400 for people on Medishield. That's like gutting you with a butcher's knife and then comforting you with a 10 cent band-aid. That premium hike will last till age 90, and it probably won't be the last. They are counting on the 60.1 percent who can't do the math. Medishield covers 92 percent of the population. Even that is not sufficient for the greedy buggers, they want to capture the 1,700 people aged 86 to 90, each of which will have to cough up premiums of $1,190 a year. How sick can you get?