Seek appropriate health care

22 March 2013

Editor

Forum Page

Straits Times

The Minister of Health wants to review the health care system to make it more affordable to the public.  I wish to bring forward the following issue for his consideration in this review. 

When a person gets old, say beyond 80 years, some organs are likely to fail, or cancer will creep in. It is a matter of time before they have to say goodbye. There is nothing much that can be done to "cure" the illness. Even if expensive treatment is carried out successfully, other parts of the body will fail. This is 

described as "complications".

Treatment has its risks. some people die earlier due to the treatment. If they are untreated, they might, in some cases, live longer and have a better quality of life for their remaining months.

Trying to treat old people, and often with unsuccessful results, is the source of escalating health care costs in many countries, including Singapore. Using private medical insurance or increasing the public funding to pay for these expenses is not the solution. We need a more sensible approach towards this issue. 

Some types of treatment should be encouraged and other types should be discouraged, and these rules should be made by medical experts who do not have any vested interest.

If the family receives impartial and proper advice on what can and cannot be treated, they will save a lot of pain and anguish for their elderly parents and also avoid spending a lot of money on futile treatment in the mistaken belief that they are doing the best for their parents. 

This will also stop the country from wasting a lot of resources that can be put to better use.

Tan Kin Lian

Bon Appetit

Making life difficult for the public

Read this document to understand the trouble that the public has to go through to submit an online application to a government agency. The people who design the websites are most inconsiderate, and waste a lot of time of the public with pages of unnecessary and misleading information, and breaks up their forms into many web-pages with a high risk of wrong navigation, browser error and internet connection issues. 

I have sent this letter to the Acting Minister for Manpower. 

I experienced similar difficulties with many government agencies. They follow the same approach - make life easy for themselves and give "hell" to the public. 

http://tankinlian.com/Admin/File.aspx?ID=781&Frame=1

Seminar on Population White Paper, 23 March 2013

Here is the text of the speech by Tan Kin Lian
http://tankinlian.com/admin/file.aspx?id=782&IID=789

Here are the slides
http://tankinlian.com/admin/file.aspx?id=783&IID=790

Are credit card charges too high?

19 March 2013

Editor

Forum Page,
Straits Times

You have printed three letters on 19 March regarding credit card

surcharge, "Cab firm right to take a stand", "Enforce fair trade

practices", and "Budget carriers profiteering via convenience fees".

They continue arguments on the party that should bear the credit card fees. 

I like to ask the question, "why should the credit card charge be 

as high as 3 to 5% of the transaction ? " For an transaction of $500, the 

charge can be $25.

I know that the card issuer, which is usually a bank, carry the credit risk. 

But they do have the means of checking which customers have

sufficient balances in their bank account, and do not merit this charge.

Perhaps these banks are profiteering at the expense of the

merchant and their customers?

I understand that the Association of Banks (ABS) is introducing the Online

Giro by the end of this year. I like to ask if this new facility allow 

customers to make online payment, without having to incur this high

charge for use of credit cards?

As the ABS is an association representing the interest of the banks, I 

like to ask the Monetary Authority of Singapore to give their comments 

as well. 

Perhaps MAS should also comment on whether they have a 

role to ensure that credit card charges are fair to consumers?

Tan Kin Lian

President

Financial Services Consumer Association

Free entry to museums

16 March 2015

Editor, Forum Page

Straits Times

The National Heritage Board collects an annual admission 

revenue of $2 million and spends $151 million to maintain 

the museums during the last financial year. 

The Acting Minister of Culture, Community and Youth has

announced that his Ministry plans to provide free entry to 

museums for Singaporeans and permanent residents.

I suggest that free entries should be provided to everyone, 

including tourists and non-residents.

I suspect that the amount of admission fees that can be 

collected from these sources will probably not cover the

cost of the employees who are involved in collecting and

accounting for the revenue. 

Tourists spend a lot of money when they visit Singapore. 

Why ask them to pay a few dollars in admission fees?

Many countries provide free entry to museums and do not

attempt to differentiate between residents and non-residents.

Tan Kin Lian

Paying road tax electronically

This letter is sent to LTA, DBS and MAS. It shows my experience in paying road tax electronically. The process is extremely troublesome. To use a crude word, IT SUCKS.
http://tankinlian.com/admin/file.aspx?id=780&IID=787

Cost of medical treatment

The cost of medical treatment may not be as expensive as most people feared.
http://tankinlian.com/admin/file.aspx?id=778&IID=785

Why life insurers make so much profit

A former colleague went to work for an international insurance group that has a successful operation in Singapore and other countries in Asia. 

He told me, "Mr. Tan, the business of this company is so profitable, that you will be surprised. They can make a profit in one year what you made in NTUC Income for 30 years. "

Just think. How does a life insurance company make its profits? Especially after they paid tens of millions in commission to its agents each year. Where does the money come from to pay the commission and the large profits?

Yes. It comes from the policyholders. The unsuspecting people who are told that life insurance is the best way to protect your family and to get your money back

This is a bad solution. This is why I try hard to pass the message to young Singaporeans. If you put your savings in the investment linked policies or other policies of these insurers, take a look at the benefit illustration. It will take you 15 years to break even, i.e. for the cash value to pay back the total premium that you have paid.

If you invest the same premium in an index fund, your savings is likely to grow by 50% AFTER ALLOWING FOR THE COST OF TERM INSURANCE.

Do you want your savings of $6,000 a year to reach $90,000 in 15 years (i.e. break even) or $135,000 (50% more)? The difference is $45,000.

Tips on buying insurance

Here are some tips about buying insurance ....

1. Buy insurance for the risks that have a severe impact that you or your family cannot bear. Do not buy insurance for small losses that you can afford to bear.

2. Make sure that you pay a fair rate of premium, relative to the expect cost of the loss, and are not overcharged.

Rule 1 means that you should insure the major risks, such as loss of life, property or car. You do not need to insure for small losses, such as $500 for the loss of a baggage, as you can afford to bear this loss on your own.

Rule 2 means that you do not pay $100 for a risk that should cost only $10. If you have a 0.1% chance of incurring a medical bill of $50,000, you should pay not  more than $100 (i.e. $50 for the expected loss and $50 for the expenses and profit of the insurance company). You should not, for example, pay $500 to cover this risk.

To apply rule 2, you have to find out what is charged by a few insurance company for the same risk. You have to find out for yourself.  You should not rely on the agent alone, as the agent want you to buy the policy recommended by him (for obvious reason).

You should never buy a product where it is difficult for you to understand and to compare. (Most people make this mistake. This is how the insurance company make so much profit).

Lost & Found Portal

I saw this poster at the bus stop opposite Thomson Plaza. The owner is offering a reward of $500 for the lost dog. The dog was lost in Yio Chu Kang, so the owner had to go quite far to put up this poster. 
I will be rebuilding the lost and found portal, to help people to post lost items online ...

Managing risk and uncertainty

Michael Lee asked:
Mr Tan, wad do you mean by taking risk ? Wad kind of risk are you referring to?

REPLY
Risk means uncertainty. We have to accept some risk and have a sensible approach to manage risk. We cannot eliminate all risk and pay a lot of money to eliminate risk totally.

There is a 1 in 5 million chance of being killed on the road each day. One person die in a road accident. We accept this risk, and don't stay at home ...

There is a risk of being sued for defamation, especially by rich and powerful people. if we express our views. We still give our views and accept the risk.

There is a risk of being sued for copyright infringement if I copy an image from the internet. I accept the risk and see if anyone make a claim. So far, none.

If we invest in shares, there is a risk that it can go up or come down. We accept the risk. We don't just ask for "guarantee". People who want guarantee, end up losing all their money when they were misled. This happened with the mini-bond type of investments.

There is a risk of losing your baggage or missing your flight when you travel. You can accept the risk and avoid paying $30 for each trip. It is not worth buying insurance for small losses.

If you want to buy insurance, make sure you pay a fair price. If the insurance should cost $200, don't pay $2,000, just because the agent exaggerate the likelihood of the loss.

Seminar on Population White Paper

Transitioning.org is organising a seminar event focusing on the 6.9 million population white paper and other matters that affect Singaporeans. 

Date:     23 Mar (Sat)
Time:    2pm to 5pm
Venue: NVPC seminar room,
             6 Eu Tong Sen Street #04-88
             The Central Clarke Quay S(059817).

You are invited to attend. Register here:
http://www.transitioning.org/2013/03/13/seminar-event-on-23-march-sat-at-2pm-at-nvpc/

Update on Instant Car Pool

More information about the Instant Car Pool 

Demo site:
www.tklcloud.com/icp

Jakarta
http://tankinlian.com/admin/file.aspx?id=770&IID=777

Singapore
http://tankinlian.com/admin/file.aspx?id=769&IID=776

User Guide
http://tankinlian.com/admin/file.aspx?id=777&IID=784

Letter to LTA
http://tankinlian.com/admin/file.aspx?id=776&IID=783

Malaysian General Election - 2013

Malaysia will hold its general election soon. If you like to follow the political developments in Malaysia, here are some news form the social media ....

THE 'DIRTY' 8? Rafizi challenges Najib to drop 8 senior Umno leaders from GE13 list
http://mybaru1.blogspot.com/2013/03/the-dirty-8-rafizi-challenges-najib-to.html

Pakatan offers to top civil service pay, perks promised by PM
http://mybaru1.blogspot.com/2013/03/pakatan-offers-to-top-civil-service-pay.html

Wong Tack to contest Bentong on DAP ticket
http://mybaru1.blogspot.com/2013/03/wong-tack-to-contest-bentong-on-dap.html

The Indians do have leverage
http://mybaru1.blogspot.com/2013/03/the-indians-do-have-leverage.html

Malaysia's U.S. Propaganda
http://mybaru1.blogspot.com/2013/03/malaysias-us-propaganda.html

FIRST SOLDIER KILLED: Najib blamed for "politicking" & not focusing on Sabah crisis as death toll climbs
http://mybaru1.blogspot.com/2013/03/first-soldier-killed-najib-blamed-for.html

FISCA Talk on Insurnce

egister now for the FISCA Talk on Insurance that will be held on Saturday, 30 March at 2 to 5 pm in Singapore Management University.
http://easyapps.sg/assn/Org/Event.aspx?id=5

This talk is held once in four months, so make it a point to attend.

Learn what are good insurance policies to buy, and what are bad policies to avoid. If you are unaware, you can end up losing several thousand dollars !!!!

Treasure Singaporean professors

Dear Mr Tan

Referring to the recent case in which a NTU professor was denied tenure, and he may have to leave the job, I offer a perspective on why Singapore should treasure their own Singaporean professors.

Singapore is a country that is devoid of natural resources and is therefore highly dependent on human resource. To be admitted to a Singapore university and work as a professor requires highest qualification, such as PhD, and many years of training. Surely, they must be regarded as valuable human resource for Singapore.

At the same time, Singapore is a small country, and by simple logic, its local talent pool may also be small. Professors around the world compete with each other to gain international recognition. Indeed, it is not easy for Singapore professors or any professor to gain such recognition as they are competing with the best in the world. For Singaporean professors, such as Prof. Cherian George, who have gained international recognition, surely they must be regarded as local talent.

For universities in Singapore that are heavily subsidised with Singapore money, surely they must hire and retain Singaporeans as their professors so that the money is invested into the careers of Singaporeans.

At the end of the day, there aren't that many Singaporean professors. They are precious, treasure them!

Former Singaporean professor

Simplify sign-in for Wireless@SG

10 March 2013

Editor, Forum Page

Straits Times

It is heartening to hear that the Infocomm Development

Authority of Singapore (IDA) is doubling the bandwidth for the

Wireless@SG service.

I like to ask IDA to address another troublesome feature of

the current service. Currently, each provider uses its own

method to sign-in to the service. This is difficult, especially on 

a mobile phone. 

The workaround of downloading special script is also 

quite troublesome and frustrating.

I urge the IDA to provide a common sign in that can 

be used by all users, which does not have to depend on

the interface adopted by each provider.After sign-in, the 

user can be given an standard identification token to be 

passed to the hotspot provider

Let us make Wireless@SG really easy to use and put

Singapore in the frontline of innovation.

Hefty increase in premium for Incomeshield

Hi Mr Tan,

Could you please help to put on your blog my letter and further comments below:

I have written to STforum on thurday on the plain english and the increased premium of 40% amounting to about $400 per annum. Instead of publishing the letter, noted on the contrary, an entire page of advertisement promoting the plain enghlish. The points highlighted on deletion of clauses and restriction of claim (not to the benefit of policy owners) were not addressed in their advertisement.

There is a substantial increase of 40% in premium with additional coverage though CPF indicated only increase of $10 in premium for CPF integrated medilsheild. It translated to 40% increase of about $400 for my policy. I am not interested to have the additional coverage but would want affordable  insurance coverage as per existing policy to enable me to go over to private hospital for treatment if necessary. The queues after queues for treatement and payment due to the overcrowding in the hospitials, would end up in patients receiving delayed diagnosis and treatment.

I am sickened by the policy that affect me and decided by the govt, yet withoug any avenue to express my disagreement when I am the one who would be paying for the cost.

Thanks and regards,

Ms ling

--------------------------------------------------

9 March 2013

Editor

Forum Page

Straits Times

stforum@sph.com.sg

I personally delivered a letter to NTUC Income last December to ask about the revised

wording, supposedly to be in plain English, of the Incomeshield policy. I was quite unhappy

that some of the clauses on claims have been removed and other clauses have been

changed to be more restrictive.

I did not receive any reply for several weeks, in spite of several telephone calls to remind

them.

I had also received a letter dated 13 Feb 2013 from the Central Provident Fund informing

me that the additional premium based on the existing and new premium for the Med shield

has been increased by $10. Seeking clarification on this and earlier letter on plain English,

I called again. I insisted through my email to the NTUC contact centre again for a response

since there was no response since Dec 2012 to my queries. NTUC Income instead informed

me through email on 1st March 2013 that the premium for my existing policy would be

increased by $386 to $1,360 with the integration with med shield from 1 April 2013, a hefty

increase of nearly 40%

Is the Government monitoring this kind of increase? I had earlier moved to a private Shield

due to the over-crowding in public hospitals, but with the increase, it looks like I have to

move back to the basic Medishield plan.

Ms Ling Mee Choo

Provide affordable flats

Printed in the Straits Times

I WELCOME the statement by National Development Minister Khaw Boon Wan that he is looking to reduce the cost of new HDB flats by 30 per cent, with those in non-mature estates to cost about four years of one's salary ("New HDB flats to become cheaper"; last Saturday). I agree with this benchmark of affordability.

Mr Khaw has a difficult task of ensuring that the new pricing regime does not adversely affect the values of the HDB flats that were bought at higher prices in recent years.

I suggest the following measures to achieve the laudable goals:

- The new flats should be priced at a 30 per cent discount to current market prices.

- The owners who bought new flats under this pricing regime will be required to pay a levy of 30 per cent to the HDB when they sell their units in future. In essence, the HDB is a 30 per cent co-owner of these flats.

- The HDB should set up a portal for the sale and purchase of this category of flats, to ensure the transacted prices reflect the actual market value and are not manipulated to show lower prices.

Tan Kin Lian