Pioneer Generation Package Advantages And Disadvantages

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In 2014, the Singapore news released a statement regarding the pioneer generation package in line with Singapore turning 50 in 2015. Prime Minister Lee Hsien Loong announced that about 450,000 seniors from the Pioneer Generation will receive a Pioneer Generation Package (PGP) focused on healthcare. This Package will ensure lifelong benefits that cover different types of healthcare needs and also other extra subsidies. The purpose of this paper is to provide insights to the advantages and disadvantages of the PGP as well as comparing PGP with other healthcare services. This paper will cover the pros and cons of the PGP, comparing with other Singapore healthcare policies and also the healthcare policies taken in Britain. Firstly, the advantages are that they will receive more subsidies such as receiving more benefits of MediShield Life but paying less premiums than they do for their MediShield. Also extra subsidies will be given at specialist outpatient clinics (SOCs), polyclinics, and General Practitioner (GP) clinics under the Community Health Assist Scheme (CHAS), on top of other subsidies which all of citizens are able to enjoy. Moreover there will be annual top-ups to their Medisave accounts. However the disadvantages are there are concerns about whether this will be sustainable provision to meet the needs of subsequent generations as well as older Singaporeans who do not belong to the ‘Pioneer Generation’. Moreover the Medishield premiums and Medisave contributions

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