5 questions
Medishield Life Fund
What is the difference between incurred loss ratio and loss ratio, which is a better measure? Why do some people cite the loss ratio as being low?
What do the reserves of the MediShield Life Fund support?
Are the MediShield Life Fund’s reserves necessary?
If the Fund already has significant reserves, why do we need to increase premiums for MediShield Life? (Even if there is a need to take care of future payouts for recurring claims, e.g., for dialysis, the dialysis patient will be paying premiums in future. Can’t these future premiums be used to fund the future payouts then?)
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