Webb-site.com on Healthcare Reform

Healthcare reform in HK
We respond to the HK Government's healthcare reform proposals, focussing on financial aspects. We take you through the issues and our recommended solution, a restructuring of the subsidy to incentivise self-reliance but to cap everyone's annual fees, leaving the Government to cover individual catastrophe risk. With our structural budget surplus and trillion-dollar reserves, there is no need for mandatory insurance or more forced savings, which are just a favour to the banking and insurance sectors, as the MPF scheme was. (13-Jun-08)