>>But when hospitals competed, they did so by buying new technology, offering expensive services, paying more for doctors, decreasing services to lower-class wa

>>But when hospitals competed, they did so by buying new technology, offering expensive services, paying more for doctors, decreasing services to lower-class wards, and focusing more on A-class wards. This led to increased spending. >>In other words, Singapore discovered that, as we’ve seen many times before, the market sometimes fails in health care. Why is increased spending on buying new technology deemed a failure? Maybe the optimal healthcare spending level is far higher than what's spent now.