Singapore to Spend S$2.2 Billion on Health Insurance Measures
(Bloomberg) — The Singapore government will spend S$2.2 billion ($1.6 billion) over the next three years to improve a medical insurance plan for the country’s citizens and residents amid the economic impact of the coronavirus.
![a kitchen with a tile floor: Staff work in a corridor at the Raffles Hospital, operated by Raffles Medical Group Ltd., in Singapore, on Friday, Nov. 3, 2017. Raffles Medical has seen its share price decline more than 20 percent this year amid skepticism over its plan to expand into China. The health-care provider will open a hospital in Chongqing, its first outside of Singapore, in the fourth quarter of 2018 and another in Shanghai about a year later.](https://www.msn.com/{"default":{"load":"default","w":"80","h":"53","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB19x0vz.img?h=533&w=799&m=6&q=60&o=f&l=f"},"size3column":{"load":"default","w":"62","h":"42","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB19x0vz.img?h=417&w=624&m=6&q=60&o=f&l=f"},"size2column":{"load":"default","w":"62","h":"42","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB19x0vz.img?h=417&w=624&m=6&q=60&o=f&l=f"}})
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Staff work in a corridor at the Raffles Hospital, operated by Raffles Medical Group Ltd., in Singapore, on Friday, Nov. 3, 2017. Raffles Medical has seen its share price decline more than 20 percent this year amid skepticism over its plan to expand into China. The health-care provider will open a hospital in Chongqing, its first outside of Singapore, in the fourth quarter of 2018 and another in Shanghai about a year later.
The funds will be used for premium subsidies for Medishield Life, a basic health insurance plan launched in 2015 to protect Singaporeans against large medical bills, the Ministry of Health said in a statement.
The MediShield Life Council is recommending