Blackbox’s Post

Given our extensive work in Singapore's healthcare sector, we watched yesterday’s (24 Sept 2025) spirited Parliamentary debate on private health insurance sustainability with interest. It was both timely and necessary. As Minister of State for Health Rahayu Mahzam noted, excessive competition and “overly generous” policy design (e.g., minimal rider co-payment) have helped drive up private hospital bills, premiums, and safeguards in the claims process. Our recent Blackbox report, 𝑰𝒏𝒔𝒖𝒓𝒆𝒅 𝒃𝒖𝒕 𝑰𝒏𝒔𝒆𝒄𝒖𝒓𝒆, flags the same fault lines: rising healthcare costs, confusing policy terms, and eroding public trust - all accelerated by the Mount Elizabeth fiasco. Our study highlights the need for: 1. Clearer, plainer communications from insurers 2. Stronger consumer understanding of coverage and trade-offs 3. More balanced product design to manage costs while restoring confidence Blackbox anticipates further constructive policy–industry dialogue that delivers better healthcare financing outcomes for Singaporeans, and looks forward to our insights continuing to inform the discussions. Read our report via the link in the comments.