Sun Devil 92
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- Apr 2, 2015
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There were a host of articles on this topic a while back. I had lost track.
Here is one:
Singapore's Health Care System: A Free Lunch You Can Sink Your Teeth Into | EconLog | Library of Economics and Liberty
The Singapore government spent only 1.3 percent of GDP on healthcare in 2002, whereas the combined public and private expenditure on healthcare amounted to a low 4.3 percent of GDP. By contrast, the United States spent 14.6 percent of its GDP on healthcare that year, up from 7 percent in 1970... Yet, indicators such as infant mortality rates or years of average healthy life expectancy are slightly more favorable in Singapore than in the United States... It is true that such indicators are also related to the overall living environment and not only to healthcare spending. Nonetheless, international experts rank Singapore's healthcare system among the most successful in the world in terms of cost-effectiveness and community health results.
Now, this again goes to the measurement of health care spending.....something the ACA has not changed (unless you call it slowing down the increase).
But, this is a pretty cool system. It has mandatory health savings programs.
http://www.hsph.harvard.edu/news/features/singapores-health-care-system-holds-lessons-for-u-s/
Singapore has a range of policies that support health care, Haseltine said. For example, Singaporeans are required to have a health savings plan, called Medisave, that works like a 401K retirement savings plan in the U.S; the government sets both policies and prices for private insurance companies; health care costs for services and procedures must be completely transparent; there’s a minister of “wellness” who emphasizes the importance of a healthy diet and exercise and works to curb smoking; there are high health care subsidies for those with low incomes; and the government invests heavily in medical education.
Seems like they have some pretty good elements......
Wonder how they spend so little ?
Here is one:
Singapore's Health Care System: A Free Lunch You Can Sink Your Teeth Into | EconLog | Library of Economics and Liberty
The Singapore government spent only 1.3 percent of GDP on healthcare in 2002, whereas the combined public and private expenditure on healthcare amounted to a low 4.3 percent of GDP. By contrast, the United States spent 14.6 percent of its GDP on healthcare that year, up from 7 percent in 1970... Yet, indicators such as infant mortality rates or years of average healthy life expectancy are slightly more favorable in Singapore than in the United States... It is true that such indicators are also related to the overall living environment and not only to healthcare spending. Nonetheless, international experts rank Singapore's healthcare system among the most successful in the world in terms of cost-effectiveness and community health results.
Now, this again goes to the measurement of health care spending.....something the ACA has not changed (unless you call it slowing down the increase).
But, this is a pretty cool system. It has mandatory health savings programs.
http://www.hsph.harvard.edu/news/features/singapores-health-care-system-holds-lessons-for-u-s/
Singapore has a range of policies that support health care, Haseltine said. For example, Singaporeans are required to have a health savings plan, called Medisave, that works like a 401K retirement savings plan in the U.S; the government sets both policies and prices for private insurance companies; health care costs for services and procedures must be completely transparent; there’s a minister of “wellness” who emphasizes the importance of a healthy diet and exercise and works to curb smoking; there are high health care subsidies for those with low incomes; and the government invests heavily in medical education.
Seems like they have some pretty good elements......
Wonder how they spend so little ?