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12/17/23 8:16 AM

#656705 RE: sukus #656702

The reason Singapore does well in healthcare. Personal responsibility. Mandatory health savings accounts. You spend less when more of it comes out of your pocket.

“In Singapore, health care is financed both publicly and privately. About 41% of total health care costs are covered by the government, which funds much of the cost of hospitalizations and exercises tight control over hospital prices to limit spending. People use individual health savings accounts, known as Medisave, to pay for nonhospital care. Medisave accounts are mandated by the government, funded by salary deductions, and controlled by the individual. To enable individual choice in how to spend health care dollars, the Ministry of Health publishes health service prices.”