Why medisave no longer enough to cover your healthcare

We have heard ministers echoing that our medisave accounts will not be enough to cover our hospital expenses and medical needs in the future and we might need some kind of safety net in terms of private insurance.

Will this mean that our hospitals and polyclinics are to be privatised and sold away too and instead of just relying on our medisave accounts to suffice for our medical needs, we would need to qualify for private insurance because medical costs goes sky high after privatisation and sold to foreign entities that are out to maximise profits.

So let us put the facts together now,

1. We are ranked 9 in the world on the list of countries by public debt. Public debt meaning the CPF money that the government owes to us.

2. The government trying very hard to shortchange us via our CPF

• by handing us our money much later, making us lose opportunities (by raising retirement age), letting the money devalue itself via inflation (inflation higher than OA interest rates and revision of SA and Medisave interest rates)
• handing us lesser cash when we really reach the retirement age (minimum sum policies)
• Lastly raising the prices of new HDB flats which were built by the government for its citizens (so that the citizens have lesser cash at retirement since the HDB flat takes a huge portion of their CPF funds)

3. Privatisation and selling of our national assets such as our power plants etc.

Whatever it is, we need transparency and accountability immediately, on our CPF/Sovereign Fund and all our national reserves to be declared and made known to its citizens.

Plus also the government to stop shortchanging us on our CPF and proof to us that all the money is there and we are be able to access it at any age to avoid any "opportunity lost" or chance of it being devalued via inflation.

Singapore is actually bankrupted by the GIC and Temasek mismanagement of our sovereign reserves.

No matter what, do not vote Tony Tan because he is definitely will be there to cover up GIC and Temasek's huge losses.

So you know who to vote now.