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Doesn't seem like it. > Initially, Singapore let hospitals compete more, believing that the free market would bring down costs. But when hospitals competed, th
by denzil_correa 8y ago
Doesn't seem like it.
> Initially, Singapore let hospitals compete more, believing that the free market would bring down costs. 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.
- sct202 8y agoSounds just like the US healthcare and education systems.
- tathougies 8y agohmm... increased spending does not mean higher costs. It could mean higher costs, or it could mean flat or declining costs and a lower profit margin, which is a good thing.