Some experts say a Singapore medical scam at this scale could make premiums and fees much higher for the next generation–your children.
According to a report on TODAY, the Ministry of Health is looking at an industry-wide set of unethical practices that may involve a lot of money, needless treatments, and illegal referral fees.
The report on TODAY said that the MOH is investigating insurance fraud (among other claims) that involves numerous doctors, insurance agents, medical companies and even allied health professionals like therapists.
In several interviews with both named and unnamed people in Singapore medicine, here is what the report revealed:
Image from Shutterstock, physiotherapist assisting elderly patient.
In the interviews conducted, players in the industry are aware of such practices.
Mr Daniel Choo, 42, chief executive officer of The Medical Concierge Group (TMCG) said that he is aware of such practices and stays away from them. He said, “As soon as you take a fee from a healthcare service provider, that’s a conflict of interest. If you have chest pains, will I then send you to a cardiologist who is giving me more money, or you would rely on me to send you to a doctor who is going to look after you in your best interest at a fair rate?”
He also said that, ““Then there are others who take a percentage of the patients’ total bill. The more you spend on healthcare, the more they earn. They would be inclined to let you stay in the hospital longer than you really should.”
Aside from legal problems, medical professionals and workers have additional guidelines that govern the way they provide services and accept fees.
According to The Singapore Medical Council, medical workers “must not ask for or receive fee kickbacks, payments or any other compensation in kind for referring patients to other doctors, medical service professionals or healthcare facilities”.
Another guideline would come from The Allied Health Professions Council’s code of professional conduct which states that industry players “must not provide package deals, discounts or coupon discounts for professional services rendered”.
Medical industry experts say that while the patients technically don’t feel anything when it comes to fees and premiums, future generations will have to contend with higher fees and premiums, because financial trends would point to higher costs to insure a person, thanks to the collusion of agents, doctors, and medical firms.
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