The answer isn't as simple as "buy more insurance". Here's why. Longer life expectancies. Rising healthcare costs. The sandwiched generation. Add that together and you basically have an equation for disaster. Singapore officially has the world's longest life expectancy, but most spend at least 10 or more years of that in ill health. And that's easily one of the fastest ways to deplete your savings, especially when you're faced with large hospital bills for medical treatment. Depending on what you're hospitalised for and the length of your stay, essentially what took you years to save up could easily be gone with your bill in a matter of days. Read the full MOH study here. The report by the Health Insurance Task Force revealed several interesting findings that were believed to contribute to the rising healthcare costs. These included the choice of hospital (private hospital bills were typically 2 to 4 times higher vs public hospitals) over-charging and inappropriate treatment those with IP...