Health care financing in Singapore
The current issue of rising health care costs, which has been subject to much debate in Singapore, prompted our investigation into the economics of the various health care financing schemes and to assess their effectiveness and efficiency. This report shows that Medisave has ach...
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project |
| Language: | English |
| Published: |
2014
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/58602 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | The current issue of rising health care costs, which has been subject to much
debate in Singapore, prompted our investigation into the economics of the various
health care financing schemes and to assess their effectiveness and efficiency.
This report shows that Medisave has achieved its primary role of helping the
majority of Singaporeans to pay for their basic health care expenses. MediShield has
also largely been successful in providing a low-cost public insurance to cover
Singaporeans. With the inadequacy of the present system to curb the escalation of
health costs, Managed Health Care has been encouraged by the government as an
alternative. We see that Managed Health Care, in providing total health care for a
reasonable prepaid annual fee and with its unique features, holds much promise.
This report put forward with some suggestions to enhance and fine-tune our
various health care financing schemes in order to make health care more affordable to
the average Singaporean.
The project has been a fruitful and eventful experience to us. We sincerely hope
that the discussion would help readers in understanding the uniqueness of our health
care market. |
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