The Merdeka Generation Package, like that for the Pioneer Generation, is custom-made to better meet the needs of Singaporeans in their silver years, said Finance Minister Heng Swee Keat.. Read more at straitstimes.com.
The Merdeka Generation Package, like that for the Pioneer Generation, is custom-made to better meet the needs of Singaporeans in their silver years, said Finance Minister Heng Swee Keat.
"Building on our substantial base of permanent healthcare schemes, a calibrated cohort-based approach is fair to different generations." Mr Heng noted the Merdeka package was on top of existing schemes, and pointed out that the Ministry of Health expects to spend $6.1 billion this year alone - to subsidise patient bills through existing permanent schemes that all citizens enjoy. This does not include spending to enhance healthcare facilities, and to research more effective treatments.
Schemes over the years - Medisave, MediShield Life and CareShield Life - ensure that younger generations will be in a much better position to look after their healthcare needs when they retire, he added. Mr Heng also reiterated that the Merdeka package is not linked to the election cycle or to the unexpected surpluses in this term of government.
Workers' Party chief Pritam Singh had on Tuesday said some see the Merdeka package as timed ahead of the election, drawing a rebuttal from Senior Minister of State Chee Hong Tat.
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