3 ms·
And in the one country where healthcare is a consumer-driven commodity (Singapore), it's 1/6 our cost, and better outcomes!
by bhupy 6y ago
And in the one country where healthcare is a consumer-driven commodity (Singapore), it's 1/6 our cost, and better outcomes!
- asciimike 6y agoFun anecdote: after a weekend of skiing a few years ago, I had a sore throat, went to One Medical and got a rapid strep test, and was charged $140 for what was a negative result. The next day I was on a flight from SFO to Singapore, and it was extremely apparent I had strep. Upon landing in Singapore, I went to a clinic where they diagnosed the strep, gave me antibiotics, decongestants, sudafed (the good kind), throat lozenges, and ibuprofen. Total cost? $20 USD.
- bhupy 6y agoThe Singapore "3 M" model largely takes advantage of transparent pricing and savings-account driven healthcare spending to bring down costs, as well as price controls to introduce an upper-bound to prices. It's, in my opinion, the paragon of what "healthy regulation" of markets looks like; the price controls don't undermine the market forces, and are instead crafted to complement them.