4 ms·
Glad to finally see someone pointing out the obvious, that simple price competition would lower prices, and that Singapore does have a private insurance system
by noetic_techy 7y ago
Glad to finally see someone pointing out the obvious, that simple price competition would lower prices, and that Singapore does have a private insurance system that works!
You can only have two out of three: Low Price, High Quality, Universal Access. Europe chose Price and Access. Singapore chose Price and Quality, and they have done some interesting things to make sure that at least their poorest have no-cost access with a tiered system. You will have a mass wave of doctors quiting the profession if everyone goes on medicare, the reimbursement rate is too low to make any money.