Sent to me by a friend.
Advertisement in A Long Island Shop:
Guitar for sale....... Cheap....... ....no strings attached.
Ad In Hospital Waiting Room:
Smoking Helps You Lose Weight ... One Lung At A Time!
On a bulletin board:
Success Is Relative. The more The Success, The more The Relatives.
When I Read About The Evils Of Drinking, I give Up Reading
My Grandfather Is Eighty And Still Doesn't Need Glasses. He Drinks Straight Out Of The Bottle.
You Know Your kids Have Grown Up When: Your Daughter Begins To Put On Lipstick Or when your Son starts To wipe It Off
Sign In A Bar:
'Those Of You Who Are Drinking To Forget, Please Pay In Advance.'
Sign In Driving School:
If Your Wife Wants To Learn To Drive, Don't Stand In Her Way.
Behind Every Great Man, There Is A Surprised Woman.
The Reason Men Lie Is Because Women Ask too Many Questions.
Getting Caught Is The Mother Of Invention.
Laugh And The World Laughs With You, Snore And You sleep Alone
The Surest Sign That Intelligent Life Exists Elsewhere In The Universe
Is The Fact That It Has Never Tried To Contact Us.
Sign At A Barber's Saloon In Detroit :
We Need Your Heads To Run Our Business..
A Traffic Slogan:
Don't Let Your Kids Drive If They are Not Old Enough Or Else They Will Never Be.
Sign In A Restaurant:
All Drinking Water In This Establishment Has Been Personally Passed By The Manager.
Sign On A Famous Beauty Parlor Window:
Don't Whistle At The Girls Going Out From Here. She May Be Your Grandmother !
Friday, December 4, 2009
Insurance company need to hold more capital
Insurance companies will be required to hold more capital. Read this article.
Thursday, December 3, 2009
Creating jobs in America
Here are some suggestions from the New York Times on creating jobs in America.
Low payout for medical claim
Hi Mr Tan,
I saw this article on the forum last week but till now I have not seen any reply from Income on it (Normally companies will be quick to respond to letters in the ST forum).
Can you comment on why an expected payout of $3,600 can end up to be only $240?
Maybe you can even share this in your blog.
Puzzled by insurer's payout for medical claim
RECENTLY, my wife was hospitalised at Mount Alvernia Hospital for four days. Her medical bill came up to $7,995.15.
She is insured under Income's IncomeShield Plan MA, but the total payout by Income was a shocking $240.
I called Income to find out how it arrived at that sum and was told that technically the $7,995.15 was classified as "room and board", hence limiting the claim.
The $7,995.15 included a renal screen, bed charges, clinical consumables and supply, diagnostic imaging services, equipment use, laboratory services, outside hospital services, pharmacy cost, resident medical officer fees, treatment fee and doctor attendance fee.
Given a deductible of $4,000 per policy year and 10 per cent co-insurance, any man in the street would expect an insurance payout of $3,595.63. But this is not the case.
My wife has faithfully paid her premium for the past 15 years without a single claim and this is what she gets in return. I am writing this so the public is made aware of such pitfalls in their medical insurance.
For big insurance companies to cite a technicality as an excuse not to make a decent payout is in no way fair. I urge the Consumers Association of Singapore and leaders in the insurance industry to look into this loose definition of "room and board".
In my opinion, given my wife's good record, Income should honour the $3,595.63 payout as a goodwill gesture.
Lastly, I would like to ask the Central Provident Fund Board why only $450 a day can be used from Medisave for hospitalisation.
Ong Kok Lam
I saw this article on the forum last week but till now I have not seen any reply from Income on it (Normally companies will be quick to respond to letters in the ST forum).
Can you comment on why an expected payout of $3,600 can end up to be only $240?
Maybe you can even share this in your blog.
Puzzled by insurer's payout for medical claim
RECENTLY, my wife was hospitalised at Mount Alvernia Hospital for four days. Her medical bill came up to $7,995.15.
She is insured under Income's IncomeShield Plan MA, but the total payout by Income was a shocking $240.
I called Income to find out how it arrived at that sum and was told that technically the $7,995.15 was classified as "room and board", hence limiting the claim.
The $7,995.15 included a renal screen, bed charges, clinical consumables and supply, diagnostic imaging services, equipment use, laboratory services, outside hospital services, pharmacy cost, resident medical officer fees, treatment fee and doctor attendance fee.
Given a deductible of $4,000 per policy year and 10 per cent co-insurance, any man in the street would expect an insurance payout of $3,595.63. But this is not the case.
My wife has faithfully paid her premium for the past 15 years without a single claim and this is what she gets in return. I am writing this so the public is made aware of such pitfalls in their medical insurance.
For big insurance companies to cite a technicality as an excuse not to make a decent payout is in no way fair. I urge the Consumers Association of Singapore and leaders in the insurance industry to look into this loose definition of "room and board".
In my opinion, given my wife's good record, Income should honour the $3,595.63 payout as a goodwill gesture.
Lastly, I would like to ask the Central Provident Fund Board why only $450 a day can be used from Medisave for hospitalisation.
Ong Kok Lam
The uninsured cannot afford health care
This article explains the problem of the uninsured in America. Medical care is very costly. Those who are employed can get health insurance, paid by their employer. The employer pays a group rate which is one third of the cost of individual insurance.
In Singapore, citizens can get treated in subsidized wards and enjoy a subsidy of up to 75%. They have to pay only 25% of the full cost. The cost in restructured hospital is lower than in private hospitals. The elderly, which are likely to need health care more, will be able to benefit from the subsidized wards.
Those who are well off or have insurance can go for the non-subsidized or private care.
In Singapore, citizens can get treated in subsidized wards and enjoy a subsidy of up to 75%. They have to pay only 25% of the full cost. The cost in restructured hospital is lower than in private hospitals. The elderly, which are likely to need health care more, will be able to benefit from the subsidized wards.
Those who are well off or have insurance can go for the non-subsidized or private care.
Wednesday, December 2, 2009
Urgency to create jobs
Many educated Americans, who have lost their job for nearly a year, find that their unemployment benefit is running out. They are desperate to get a job. Some are willing to work for free, to show that they can contribution and wait for a chance to get a full time job later. Many are willing to work as day labor to get paid by the day.
In the past, during boom times, the free market was able to create jobs. Most of these jobs are created by small businesses. In difficult times, these businesses are not able to get credit, as banks are more cautious. Without credit, these small entrepreneurs cannot grow their business and employ the available labor.
Many people hope that the economic situation will improve. But, it could get worse - and this is the more likely outcome. There has been so much loss of trust in our business, financial institutions and even in the free market.
Many governments reduced interest rate to reduce business cost and encourage business owners to expand this business and create more jobs. This strategy does not seem to be working. It is now time for governments start to create jobs directly. It may be necessary to reduce the length of the work week so that the available jobs can be shared by more people.
The economic system has to change. We may have to go back to some form of central planning.
Tan Kin Lian
In the past, during boom times, the free market was able to create jobs. Most of these jobs are created by small businesses. In difficult times, these businesses are not able to get credit, as banks are more cautious. Without credit, these small entrepreneurs cannot grow their business and employ the available labor.
Many people hope that the economic situation will improve. But, it could get worse - and this is the more likely outcome. There has been so much loss of trust in our business, financial institutions and even in the free market.
Many governments reduced interest rate to reduce business cost and encourage business owners to expand this business and create more jobs. This strategy does not seem to be working. It is now time for governments start to create jobs directly. It may be necessary to reduce the length of the work week so that the available jobs can be shared by more people.
The economic system has to change. We may have to go back to some form of central planning.
Tan Kin Lian
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