(Reuters) - Crypto firm Ripple launched a stablecoin pegged to the U.S. dollar on Tuesday, looking to disrupt a market in which the top two incumbents account for nearly 90% of the value.
S$700 million will go to enhancing means-tested premium subsidies over three years, while S$3.4 billion will be given to additional MediSave top-ups. - ST PHOTO: KUA CHEE SIONG
The annual MediSave top-ups for Pioneer Generation seniors, aged 75 and older, will be increased by up to S$300, bringing the maximum annual top-up to S$1,200. People born between 1974 and 2003, who are due to receive a one-time MediSave bonus of up to S$300 in December, will see that amount increase to $500.
The financial burden is especially challenging for lower- and middle-income groups, who typically have less accumulated MediSave savings and may find it difficult to keep up with rising healthcare costs, said Prof Chen, whose research areas include the economics of ageing and healthcare financing.
Medishield Life Premiums Rising Govt Measures
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