Being a member of the government-sponsored MediSave scheme entitles employees to a lump-sum payment in cash towards medical expenses.This scheme would:
A)increase employment.
B)make workers better off.
C)not change workers' welfare.
D)cause average wages to fall.

Question

Quizplus · Accepted Answer

By providing employees with a lump-sum payment towards medical expenses, the MediSave scheme would make workers better off by reducing their out-of-pocket healthcare expenses. This would therefore increase their overall welfare. It may not directly impact employment or wages.

Being a Member of the Government-Sponsored MediSave Scheme Entitles Employees