3 ms·
Singapore has socialized healthcare. On the provider side, most of the hospitals are owned by the government. On the insurance side, employees are required by t
by DiogenesKynikos 7y ago
Singapore has socialized healthcare. On the provider side, most of the hospitals are owned by the government. On the insurance side, employees are required by the government to pay into health savings accounts (with nearly matching employer contributions). There are additional public insurance schemes for the poor and elderly. On top of that, costs in the public hospitals are subsidized to a significant extent.
- eru 7y agoSeems to be an American term? https://en.wikipedia.org/wiki/Socialized_medicine https://en.wikipedia.org/wiki/Socialized_medicine But I agree with what you are stating. (Though if you call that system 'socialized', then the American systems are also 'socialized' to a large extent. So it's probably better to just talk about specific feature instead of such a loaded term.) The aspect of the system that I wanted to highlight is that routine care is paid for out of the health savings account (Medisave), and not out of the insurance portion. Another interesting aspect is that the bill you get for treatments always mentions the total cost and any subsidies you are getting. All very transparent. There's also always a co-pay as a matter of principle, even if it's just a few dollars.