Serious Lim Tean's great analysis on Gay Loong's on NDR speech

[zhihau]

when you want to introduce a sugar tax, you have to inflate the diabetes problem

When to increase GST ah?

 

[spotter542]

This is the retard speech by the retard PM voted by the retard 69.86% of Singapore lang
More good years eh ?

 

[Papsmearer]

What about the iron deficiency? This is not a game of cards, this is your life and mine!

He needs iron in his back, the spineless one.

 

[creampie]

When to increase GST ah?

Right after winning GE 2021

 

[Papsmearer]

Honestly, Lim Tean's write-up is hardly qualifies imho as "great analysis".

A much more eloquent, thoughtful, succinct yet punchy piece was written by this young chap: https://theflipside.sg/2017/08/20/focus-insipid-ndr-speech/

"Even as we laud ourselves for our tech start-ups, especially those in fin-tech, the stark reality is that these start-ups are here because of generous inputs and subsidies by the Government. The Singaporean mindset, entrenched since the LKY era, is one that has always been more cautious and risk averse. Well-remunerated public service positions also hobble the entrepreneurial spirit.

There are many pertinent issues and imminent threats to the continued survival and viability of Singapore as a cohesive society and successful economy that would serve as better NDR fodder."

"As a First World country, we can afford to be compassionate and empathetic; we do not have to be so brutal to the lowest income strata of our Singaporean society.

Singapore remains an attractive place for MNCs to do business and is also a choice investment destination. However, should the political leaders and senior public servants opt to only focus on the rosy aspect of the outlook, we might find that one day soon, Singapore, encumbered by ever rising wages and rent, lacklustre productivity growth and a multi-tiered society divided along income and wealth lines, is no longer a special location in the global economy – that would imperil our economic vibrancy and continued prosperity."

Honestly Scroobal, you are a fucking retard. If you think Lim Tean's is not a great analysis, then go and right one yourself. If you can't or haven't, then sit down and shut the fuck up.

 

[zhihau]

Right after winning GE 2021

Wah Lau Eh... I thought after PE17...

 

[CoffeeAhSoh]

Wah Lau Eh... I thought after PE17...

 

[Rogue Trader]

What about the iron deficiency? This is not a game of cards, this is your life and mine!

Right.. Can tell he doesn't have that iron in him

 

[eatshitndie]

Right.. Can tell he doesn't have that iron in him

too much lithium with the fitbit wristband and cheap watch.

 

[Confuseous]

When the shit has hit the fan and is spread all over the floor, it is important to divert attention by telling everyone to look at the rainbow in the sky.

If diabetes is a national health crisis among the Malays (or words to the effect) why then we let it allow to get there?

Incompetence at its best.

 

[Leongsam]

How's he doing compared to this guy?

 

[Satyr]

How's he doing compared to this guy?

Everyone is doing better compared to this guy.

 

[CoffeeAhSoh]

I have said before - he is preaching to his audience which are the sycophants, the grassroots leaders and their families. These are people dependent on the state for everything including how to take care of diabetes.

He is living in his own world.

sir, what's lim tean beef ?
what a waste ...sad :(

 

[CoffeeAhSoh]

is lim tean still lawyering ???

which firm ?

[h=1]Singapore PM delivers banal speech for National Day Rally[/h] Published on 2017-08-20 by The Online Citizen

---

by Lim Tean

I never thought I would see the day when the Prime Minister of Singapore would give as banal a speech as he gave tonight.
Our country has so many problems ranging from increasing unemployment , stagnating wages , astronomical costs of living , inadequate income for our elderly , ultra-low productivity and dismal innovation and entrepreneurship .
The PM chose not to address any of these pressing issues and instead chose to assume the mantle of Chief Doctor of the Nation and spoke about diabetes. Honestly , any doctor can advise his client on this matter. National Health education in schools would be more effective too rather than a speech by the Head of Government.
Even the section on pre-school shows no originality . It is modelled after what Barack Obama tried to achieve in his second term of Office.
And as for the Smart Nation, all Lee Hsien Loong's speech demonstrated was how behind the curve the PAP Government has been in terms of innovation. It shows how despite the fact that Singapore is a supposed First World Nation , we are far behind many other nations in use of technology.
But we should not be surprised. PAP ministers have spent the last 30 years coming with various stratagems of cementing their hold on power instead of coming out with innovative ideas to move our Nation forward. They are still trying to persuade Singaporeans why it is necessary to have one-party rule and why only 30 % of students should go on to University education.
Don't be fooled by the spin my fellow Singaporeans. Behind the PM's words lie a party that is totally bereft of ideas of how to move to the next stage of our development both in terms of national as well as personal development.
Our National Day Rally is akin to the State of the Union address by the President of the United States. Imagine the American President giving a speech like what was delivered tonight. I think Americans will think that their President has absolutely no agenda to improve their lives. Dismal!

 

[bic_cherry]

I am rather puzzle why diabetes? It not even the top 5 killers here
There are more pressing issues for him to address.
https://www.moh.gov.sg/content/moh_...acts_Singapore/Principal_Causes_of_Death.html

Diabetes is a real time BOMB that will hurt the PAP's pocket @ in EXCESS of S$66billions p.a.(excess because $66b p.a. pertains solely to elderly healthcare costs).
Imagine cut backs on SAF military spending, cuts to Ministerial salaries, all these are intolerable to the PAP dynasty, which is why they are finally doing something about poor fitness and health.

================
Elderly health costs to rise tenfold by 2030: Report
The findings on elderly healthcare costs could influence government policies and decisions on healthcare infrastructure spending as well as personal insurance and retirement planning.

The findings on elderly healthcare costs could influence government policies and decisions on healthcare infrastructure spending as well as personal insurance and retirement planning.PHOTO: TIFFANY GOH FOR THE STRAITS TIMES
PUBLISHED AUG 25, 2016, 5:00 AM SGT
Each senior in S'pore will need average of $51k a year, the highest figure in Asia-Pacific
Janice Tai
Elderly healthcare costs in Singapore are projected to rise tenfold over the next 15 years to more than US$49 billion ($66 billion) annually, according to a report.
This means an average of US$37,427 will be spent on healthcare for each elderly person by 2030. This is the highest in the Asia-Pacific region, just ahead of Australia.
The report was released yesterday at the launch of Marsh & McLennan Companies' new Asia-Pacific Risk Centre, which is supported by the Economic Development Board. The firm provides professional services such as risk management.
The US$49 billion figure was derived by taking into consideration demographic changes, long-term care costs and medical cost inflation. It includes public expenditure, private insurance and out-of-pocket spending.
The report estimated that US$5 billion was spent on healthcare for the elderly last year as a senior citizen's healthcare expenditure is estimated to be four times that of an average person's. By 2030, the healthcare expenditure for each senior is estimated to rise from US$8,196 in 2015 to US$37,427.

MODEST ESTIMATE
It's a conservative estimate given that the numbers do not take into account indirect costs, such as transport, and opportunity costs from caregivers' time... It also assumes that we have the same ready access to cheap foreign labour which may not be the case in the future.
DR JEREMY LIM, a partner in Oliver Wyman global health practice, on the findings.
"It's a conservative estimate given that the numbers do not take into account indirect costs, such as transport, and opportunity costs from caregivers' time," said Dr Jeremy Lim, a partner in Oliver Wyman global health practice.
"It also assumes that we have the same ready access to cheap foreign labour which may not be the case in the future."
Dr Ng Wai Chong, chief of clinical affairs at Tsao Foundation, agreed. He felt the figures might even be an underestimate if the current health and social care systems are not improved and people do not manage their own health more proactively.
Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said last year that healthcare spending in Singapore is expected to rise from over $9 billion last year to over $13 billion in 2020.
These are just public expenditure figures, the Ministry of Finance confirmed yesterday.
The implications of these new numbers are wide-ranging, said Mr Wolfram Hedrich, executive director of the Asia-Pacific Risk Centre.
"Our findings will influence government policies and decisions on healthcare infrastructure spending. Individuals need to carefully consider how well-prepared they are to fund their retirement healthcare needs, especially given the limited range of affordable insurance products," he said.
Dr Lim said the proposed review of ElderShield - announced during last Sunday's National Day Rally - is timely as it covers only the severely disabled and the payout is modest.
"We can also look at other new solutions such as having reverse mortgage schemes to allow people to monetise their housing assets to pay for healthcare when they are old or allowing the use of MediShield and Medisave overseas if their price points are lower," he added.
Dr Ng said there is a "keen awareness of the risk of rising healthcare costs at the government, community and personal levels".

When asked for its comments on the report, which it received yesterday, the Ministry of Health said it is studying it and will respond at a later time.

Marsh & McLennan Companies has four operating firms - insurance-broking and risk-management firms Marsh and Guy Carpenter as well as consulting firms Mercer and Oliver Wyman
http://www.straitstimes.com/singapore/health/elderly-health-costs-to-rise-tenfold-by-2030-report

 

[creampie]

Diabetes is a real time BOMB that will hurt the PAP's pocket @ in EXCESS of S$66billions p.a.(excess because $66b p.a. pertains solely to elderly healthcare costs).
Imagine cut backs on SAF military spending, cuts to Ministerial salaries, all these are intolerable to the PAP dynasty, which is why they are finally doing something about poor fitness and health.

================
Elderly health costs to rise tenfold by 2030: Report
The findings on elderly healthcare costs could influence government policies and decisions on healthcare infrastructure spending as well as personal insurance and retirement planning.

The findings on elderly healthcare costs could influence government policies and decisions on healthcare infrastructure spending as well as personal insurance and retirement planning.PHOTO: TIFFANY GOH FOR THE STRAITS TIMES
PUBLISHED AUG 25, 2016, 5:00 AM SGT
Each senior in S'pore will need average of $51k a year, the highest figure in Asia-Pacific
Janice Tai
Elderly healthcare costs in Singapore are projected to rise tenfold over the next 15 years to more than US$49 billion ($66 billion) annually, according to a report.
This means an average of US$37,427 will be spent on healthcare for each elderly person by 2030. This is the highest in the Asia-Pacific region, just ahead of Australia.
The report was released yesterday at the launch of Marsh & McLennan Companies' new Asia-Pacific Risk Centre, which is supported by the Economic Development Board. The firm provides professional services such as risk management.
The US$49 billion figure was derived by taking into consideration demographic changes, long-term care costs and medical cost inflation. It includes public expenditure, private insurance and out-of-pocket spending.
The report estimated that US$5 billion was spent on healthcare for the elderly last year as a senior citizen's healthcare expenditure is estimated to be four times that of an average person's. By 2030, the healthcare expenditure for each senior is estimated to rise from US$8,196 in 2015 to US$37,427.

MODEST ESTIMATE
It's a conservative estimate given that the numbers do not take into account indirect costs, such as transport, and opportunity costs from caregivers' time... It also assumes that we have the same ready access to cheap foreign labour which may not be the case in the future.
DR JEREMY LIM, a partner in Oliver Wyman global health practice, on the findings.
"It's a conservative estimate given that the numbers do not take into account indirect costs, such as transport, and opportunity costs from caregivers' time," said Dr Jeremy Lim, a partner in Oliver Wyman global health practice.
"It also assumes that we have the same ready access to cheap foreign labour which may not be the case in the future."
Dr Ng Wai Chong, chief of clinical affairs at Tsao Foundation, agreed. He felt the figures might even be an underestimate if the current health and social care systems are not improved and people do not manage their own health more proactively.
Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said last year that healthcare spending in Singapore is expected to rise from over $9 billion last year to over $13 billion in 2020.
These are just public expenditure figures, the Ministry of Finance confirmed yesterday.
The implications of these new numbers are wide-ranging, said Mr Wolfram Hedrich, executive director of the Asia-Pacific Risk Centre.
"Our findings will influence government policies and decisions on healthcare infrastructure spending. Individuals need to carefully consider how well-prepared they are to fund their retirement healthcare needs, especially given the limited range of affordable insurance products," he said.
Dr Lim said the proposed review of ElderShield - announced during last Sunday's National Day Rally - is timely as it covers only the severely disabled and the payout is modest.
"We can also look at other new solutions such as having reverse mortgage schemes to allow people to monetise their housing assets to pay for healthcare when they are old or allowing the use of MediShield and Medisave overseas if their price points are lower," he added.
Dr Ng said there is a "keen awareness of the risk of rising healthcare costs at the government, community and personal levels".

When asked for its comments on the report, which it received yesterday, the Ministry of Health said it is studying it and will respond at a later time.

Marsh & McLennan Companies has four operating firms - insurance-broking and risk-management firms Marsh and Guy Carpenter as well as consulting firms Mercer and Oliver Wyman
http://www.straitstimes.com/singapore/health/elderly-health-costs-to-rise-tenfold-by-2030-report

Pap will rather let the elderly die while waiting to see a doctor. Save on healthcare costs. Thank the pap for havign such foresight. Their plans are always too little too late.

Pay millions and still get monkeys.

 

[Papsmearer]

Diabetes is a real time BOMB that will hurt the PAP's pocket @ in EXCESS of S$66billions p.a.(excess because $66b p.a. pertains solely to elderly healthcare costs).
Imagine cut backs on SAF military spending, cuts to Ministerial salaries, all these are intolerable to the PAP dynasty, which is why they are finally doing something about poor fitness and health.

================

Why would it hurt PAP's pockets? The PAP has offloaded almost all the healthcare costs to the sheeps. that is why hospitals are privatized, and owned by GLC, because it means they can make $$$$. The more people that need healthcare, the more money the govt makes. I suggest u go and figure out it really works in zikapore. If you don't have money to pay, then sell your flat or go into debt.

 

[bic_cherry]

Pap will rather let the elderly die while waiting to see a doctor. Save on healthcare costs. Thank the pap for havign such foresight. Their plans are always too little too late.
Pay millions and still get monkeys.

The reason why caring for chronic diabetic sick is so EXPENSIVE is as difficult as eradicating corruption or like putting out a house fire.

Unless problem is nipped in the bud, once any damage is done, it is very much irreversible and the country/ patient never seems able to ever get back on 2 feet.

 

[yellowarse]

Diabetes is a real time BOMB that will hurt the PAP's pocket @ in EXCESS of S$66billions p.a.(excess because $66b p.a. pertains solely to elderly healthcare costs).

Don't buy into all the BS propaganda about PAP healthcare spending.

Our govt spends only 3% of GDP on healthcare (the rest coming from the 3Ms, insurance and out-of-pocket payments), and only 30% of total healthcare expenditure, compared to 11% of GDP and 60% of total healthcare expenditure for other developed countries.

For crying out loud, we have the fucking lowest govt healthcare expenditure on healthcare in the First World! We don't even have universal healthcare access. The 3M system is a total, abject failure. For the poor and indigent there's Medifund, but you can only apply for Medifund only if you sell your hdb flat and own no assets. In other words, you forego shelter over your head (a UN-mandated universal human right) in exchange for healthcare (another universal human right.

It's not that the govt is afraid of healthcare costs ballooning causing a dent in their budgets. It's the political pressure to increase health spending when a diabetes epidemic hits its most loyal voter demographic (the Malays) that worries them.

 

[Leongsam]

Don't buy into all the BS propaganda about PAP healthcare spending.

Our govt spends only 3% of GDP on healthcare (the rest coming from the 3Ms, insurance and out-of-pocket payments), and only 30% of total healthcare expenditure, compared to 11% of GDP and 60% of total healthcare expenditure for other developed countries.

For crying out loud, we have the fucking lowest govt healthcare expenditure on healthcare in the First World! We don't even have universal healthcare access. The 3M system is a total, abject failure. For the poor and indigent there's Medifund, but you can only apply for Medifund only if you sell your hdb flat and own no assets. In other words, you forego shelter over your head (a UN-mandated universal human right) in exchange for healthcare (another universal human right.

It's not that the govt is afraid of healthcare costs ballooning causing a dent in their budgets. It's the political pressure to increase health spending when a diabetes epidemic hits its most loyal voter demographic (the Malays) that worries them.

That may be your opinion but Singapore's system is ranked one of the best in the world so the PAP is obviously doing a lot of things right.

http://gazettereview.com/2016/04/countries-with-the-best-health-care/

[h=3]5 – Singapore[/h]It should be unsurprising that Singapore ranks highly on this list. It’s an affluent country that ranks high in human development and has a high GDP. It balances services between the government and private companies. Base-level services are provided by the government, and additional coverage can be purchased from private companies. The government is in charge of regulating the private companies and setting prices.