Raffles Medical a potential beneficiary of new healthcare initiatives

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SINGAPORE (Aug 21): Raffles Medical Group, which operates over 80 CHAS-approved clinics in Singapore, could see a lift in its local patient load given the new healthcare initiatives launched by the government.

During Sunday’s National Day Rally speech, Prime Minister Lee Hsien Loong addressed cost of living pressures, focusing on major healthcare changes including a new Merdeka Generation Package, extension of CHAS to all Singaporeans with chronic conditions and the construction of more polyclinics.

The new Merdeka Generation Package will cover areas such as outpatient subsidies, Medisave top-ups, MediShield Life premium subsidies and payouts for long-term care. This could benefit an estimated... (Click here to read the full story)