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Melinda Said:

How much do you pay for car insurance in Singapore?

We Answered:

Since Traffic Police had introduced the new rule for minor traffic accident (non injuries case, where no Police report is required), the insurance premium had increase ridiculously over the years. I used to drive a 1992 Nissan Sunny, the insurance premium NTUC quoted was $4700 for a 3rd party. increase of almost 1000% from $600, after an accident claims 2 years ago. This really "encouraged" me to give up driving.
I had made several enquiries to NTUC, and was told that most insurance companies are making loses due to accident claims.
In fact, this is true, where I had an accident with an Taxi which is cleared cut his fault. After I had made a third party claims against the Taxi, I was surprised to find that the Taxi driver was also making a third party claim against my insurance.
In short, most people now are not making a "genuine" accident report for a minor accident, most of them are reporting it as their favour, inorder to make insurance claims.
Sad to say, the Traffic Police introduced the new rule to lessen their works, but causing so much **** to the industry. I had wrote to them in few occassion, but seem that they are not interested to fix the problem.

Emma Said:

Conservatives, what is your overall opinion on insurance companies?

We Answered:

I am concerned over many of their practices as you have detailed above but I also realize that they are for-profit private enterprises and that they have a right to refuse service to anyone in an effort to make an actual profit. If you wish to oppose these practices then the answer would be to do so by providing motivation for health care providers to reduce costs and for health care consumers to become more involved in the process, not the other way around. More freedom is needed, not less.

BTW. . . I am exactly the kind of person you describe in c). above. As such I think I probably can speak to your concerns with more experience and legitimacy than most. I am also a small business owner and health care issues have in no way limited my ability to start and succeed in business. I have resolved this issue by standing on my own two feet and researching options for myself and my family.The result is instead of demanding that my fellow citizens pay for my health care needs I am a member of a voluntary, non-profit needs sharing health care plan that covers all my families catastrophic and testing needs. It works by each person donating a set amount per month to cover the needs of fellow members when they occur. In turn I receive assistance when I need it. I have had several very expensive needs occur in the last decade and never paid a cent out of pocket that was not fully reimbursed in time. In fact. . . payment is received on the average within three to four months. . . about half the time that it takes for your provider to be paid via traditional insurance. The plan also teaches participants how to negotiate discounts since we are essentially a non-profit, self-pay organization. It also encourages health care consumers to economize and choose carefully the services they consume which keeps costs down. I don't run my child to the emergency room every time she has the flu to get antibiotics which are only going to do harm anyway. . . unlike a lot of "fully insured" moms I know . We do it the old fashioned way. . . take vitamin C, drink lots of fluids and get some rest. As a result we get a lot fewer colds than most families and we're generally more resistant to colds and flu because we haven't ruined our immune systems.Go figure. On the other hand, I am never pressured to scrimp on testing and services that are legitimate.

It works beautifully and will most likely become illegal under Obamacare.

BTW. . . if you are thinking all this must cost a fortune, you would wrong. My family of three is covered through this plan at a rate of $225.00 per month. In addition we have complete control over our health care decisions and which Doctor we consult with. True. . . we have to pay for regular check-ups out of pocket and we have a large deductible of $1,000 per year per person. But. . . that deductible can be done away with as we negotiate discounts. In other words, if I convince my hospital and surgeon to each deduct $500.00 off my bill, that counts toward my deductible and I no longer have to cover the first $1,000.! Very motivating.

Funny how that works: Reward people for hard work and being involved with their own health care and they will work hard to save money. Reward providers with instant payment and not having to jump through a million paperwork snafus and they'll reward you with discounts. It's called freedom. Soon to be illegal in the United States of America.

Finally. . . in answer to your question contained in g).: I can explain this because the health care programs of those countries where not brokered in back rooms between a corrupt liberal agenda and the very health insurance interests you detest so much. Nonetheless, they still cost their citizenry in huge tax burdens that limit their freedoms and make them more dependent on their government. That's the best you can expect from the best national programs. If you think Obamacare looks anything like say for example, Israel's national health care program, you'd be sadly mistaken. What we are going to get is twice the cost and limitations on freedoms with none or few of the benefits that these programs provide their people. . . even if they are exorbitantly expensive. And who is going to benefit the most. . . the very insurance industry players you hate so much.

Can't wait, can you?