Friday, March 18, 2016

How to improve Medishield Life

Here are some suggestions on how to improve Medishield Life, while retaining much of its current structure.

1.  Pay 80% of the hospital bill in the eligible ward, and remove the deductible. The deductible is necessary to eliminate frequent and small claims. It does not apply to hospital bills, which are infrequent.

2. Impose fee controls on hospitals that wish to claim under Medishield Life. If the hospitals want to charge what they like, they cannot claim on Medishield Life.

3. Allow an option to cover B2/C, A/B1 and private hospitals at different rates.

4. Allow insurance companies to offer Medishield Life at the regulated rates. These rates should be adequate to cover the claims, expenses and a modest profit margin. It gives the customers a choice of their preferred insurer, based on their quality of service, rather than competition over different packages and rates.

No comments:

Blog Archive