Surging insurance premiums in Singapore explained | 5 Questions With Dr Wee Hwee Lin

With the prevalence of chronic medical conditions and the cost of medical tech increasing, along with an ageing population, will insurance premiums ever stop rising? How does the buffet syndrome and new government regulations change the outlook for healthcare in 2026? In this edition of 5 Questions With, BT’s Suhaana Khanna speaks to Dr Wee Hwee Lin, Domain Leader for Health Systems and Policy at the Saw Swee Hock School of Public Health on the sustainability of surging insurance premiums and the industry’s next direction. 0:00 Introduction 0:52 What’s driving surging insurance premiums? 3:00 Is the Integrated Shield Plan broken? 5:47 What is the government doing to slow this hike? 6:36 How should employers deal with this rising cost? 7:54 How can Singapore’s health financing model evolve to remain fair? 11:29 Are 7 IP insurers too many, should they consolidate? 12:23 Looking ahead Support us: https://subscribe.sph.com.sg/publicat... Follow us on: Website: https://businesstimes.com.sg/ Facebook:   / thebusinesstimes   Twitter:   / businesstimes   Instagram:   / businesstimessg   Linkedin:   / the-business-times