Quoted:
Fourth, one of my close family member was diagnosed with colon cancer a week ago. The surgical and hospital bill was a big shocker. Despite it is a B1 government ward, it would not have been affordable for many average Singaporeans. I checked the MOH website for statistics on colon cancer and I cannot find the average bill size of it. Now I know why. Fortunately when I entered the industry years ago, I force all my immediate family members to buy insurance from me. Yes, I “forced them” as I did not give them any choice since I will become the default insurer if they become seriously ill without coverage. I am very proud of what I did. The hefty medical bill is going to be mostly reimbursed from the insurer. The existence of insurance coverage was the ONLY determining factor whether should the colon cancer be treated or not. In other words, without the policy, the bill will be too high to afford it.
I am of the inclination that the ends (no matter how commendable) does not justify the means. I feel that the consumer (regardless of family ties) should be educated before making informed decisions. One thing to learn from this example is that your immediate family member's coverage will immediately affect you. I shall nudge my wife to educate our immediate family members during this festive season.
The link to the article is found here.
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