Insurance
Why Singapore Healthcare Costs Can Potentially Write Your ‘Riches to Rags’ Story
By iMoney - Singapore  •  July 8, 2014
As the Singaporean population ages, the pressure on its national healthcare system is rising steadily too. Despite the recent increase in government financial healthcare expenditure from $4 billion to $7.5 million over the past three years, the growth in healthcare infrastructure and services is lagging significantly to catch up with the growth required to cater to its steadily aging population. By 2030, there will be more than twice the number of senior citizens living in the country than today. The overall rise in sedentary lifestyles is also carving the path to a long-term healthcare system collapse quicker. Hence, the government of Singapore, along with the masses, needs to collectively swallow a bitter pill and make the appropriate financial amends rather than let it decay into a poisonous pill. A stronger financial emphasis on disease prevention campaigns and community care is necessary to take control of the healthcare vehicle spinning ......
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By iMoney - Singapore
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