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by redy
3285 days ago
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It's also worth noting Singapore is certainly not a market-based system. Singapore's healtcare efficiency is completely the result of mandatory saving programs, a government funded insurance scheme for the poor and strict price controls[1]. As for China frankly I don't think anybody would seriously want to replicate what passed for healthcare in China. It's disturbingly common for patients to die because they cannot afford even routine surgeries in China. [1] https://en.wikipedia.org/wiki/Healthcare_in_Singapore#Fundin... |
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The mandatory health savings accounts are not redistributive. Each account is funded by the individual that makes use of it. And the individual decides how much to spend out of it, and with which provider, so it turns the individual into a price-conscious consumer. In the US, leftists would call such a program 'regressive' and a form of privatisation.
So for the reasons mentioned, I think it's reasonable to suspect that the relative efficiency of Singapore's healthcare system is due to the greater role that market forces play in it.