atans1

Profitable to pay elderly poor to leave S’pore

In Uncategorized on 24/06/2016 at 7:00 am

Further to this, where I, tongue-in-cheek, suggested that the PAP administration should follow what Auckland in NZ is doing (paying the poor to leave the city) and pay the elderly poor, among others, to leave S’pore. After all, the cost of living is lower in neighbouring countries.

A reader (see below) provides data which shows that if the PAP administrations pays $1,500 a month per person (subsidy of 60% of $2,500 monthly charge at a nursing home) if they leave S’pore, it can make a big profit of $1,000 a persomn a month. Even paying out $2,000 makes a profit because the breakeven point is $2,500.

And these numbers do not include the other benefits of not looking after the elderly here (See the bolded bits below: my emphasis).

And if the usual suspects KPKB, the PAP administration can pont out that Auckland in progressive NZ used this technique first: “We juz adapting ang moh best practice. Tot u guys believe ‘Ang mohs always right’? So why liddat? PAP not ang moh isit? Or ‘PAP always wrong’ isit?”

From a reader:

The cheapest MOH-approved nursing homes cost $2,500 per resident per month. Most of such patients in such nursing homes are being subsidised by govt, ranging from 60% subsidy to 100%.

Hence $2,500 is the max monthly stipend that makes sense. Not forgetting that this also frees up valuable land space that would otherwise be required for nursing homes. And also eliminate the thousands of low-skilled healthcare assistants which make up the bulk & backbone of nursing homes. Also eliminates or reduces the MOH-affiliated depts. & agencies performing audits, coordination work, processing claims & subsidies & co-sharing, manpower approvals & processing, etc etc pertaining to nursing homes.

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  1. […] – Thoughts of a Cynical Investor: Profitable to pay elderly poor to leave S’pore […]

  2. The PAP orredy suggested this. That Cow Peh Khaw Boon One wanted to send our old folks to old folks homes in JB some years back.

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