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Urge Malaysian Employee's Provident Fund To Postpone Introducing Health Insurance Scheme. Statement by Dr Tan Seng Giaw, DAP National Vice-Chairman and MP for Kepong on the health insurance schemes as proposed by the Employees' Provident Fund, EPF, and Cuepacs (Government Employees' Union). 11.2.2000 | |||||||
| On 19 January 2000, Life Insurance Association (LIAM) President L. Meyyappan announced that the EPF-LIAM health insurance scheme was pending approval from the Finance Ministry. This would cater for at least five million active contributors with coverage ranging from RM 10,000 to RM 100,000. The EPF has over nine million contributors with a total financial resources of over RM 130 billion. Although there is a range of coverage for EPF-LIAM scheme, it really attracts national attention because it would affect over 9 million people. Further, the country is studying a comprehensive and integrated health insurance scheme. How will the national scheme be implemented? Similarly, Cuepacs has announced its own medical insurance scheme | |
called CuepacsARE, offering its members free treatment worth up to RM 60,000 annually in private hospitals. There are over 880,000 civil servants. If the finance ministry approves the above-mentioned schemes, these will cater for nearly 10 million people. But, there are 22 million Malaysians. The Malaysian Medical Association President Dr P. Krishnan espressed concern about the EPF and Cuepacs schemes especially when private insurance companies are profit-oriented. For example, it is compulsory for students in schools to pay RM 1.50 per year each to Takaful for insurance cover for accidents at schools. This means Takaful collects tens of thousands of ringgits of premiums. Why is it compulsory for one company to monopolize?
Dr Tan Seng Giaw | |||||
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