Singapore offers universal healthcare to our citizens, with a financing system based on the philosophies on individual responsibility and affordable health care. With the mixed financing system, use of market based mechanisms to promote competition and transparency and the adoption of technology to further improve the delivery of healthcare services, Singapore have secured good healthcare outcomes for her population. Accomplishing these with a minimal expense, 4% of the GDP that is considered low among developed countries.
My Reflection:
I think that Singapore government is wise in decisions. Ensuring that all Singaporeans received basic and affordable healthcare, the government has a need to subsidize the heavy medical bills, despite the large amount of subsidizing, Singapore is still able to keep the healthcare expernditure to a minimal.
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