PETALING JAYA: A health policy think tank has proposed the introduction of a national health and social insurance scheme funded through increased contributions to the EPF, without drawing from contributors’ existing retirement savings.
Azrul Khalib, CEO of Galen Centre for Health and Social Policy, said the scheme could be modelled after Singapore’s Central Provident Fund in the early 1980s, where contributors allocated 8% to 10.5% of their income to the MediSave account.
“This proposal would not use people’s existing retirement savings. Instead, it proposes an increase in the level of contributions by both worker and employer, which would then be earmarked for national health and social insurance.