Spending On Health Care 'Bound To Go Up'

According to our Health Minister Khaw Boon Wan, he said that it was unrealistic to expect national spending on health care not to increase in the future.

He noted that Singapore has managed to cap national health-care spending at 4% of Gross Domestic Product (GDP) and still achieve high standards of health care compared with the United States, which spends 16% of its GDP on health care.

But he said that spending MUST go up, with medical advances making treatments and drugs costlier together with plans by the Health Ministry to recruit more doctors, nurses and other health-care professionals to improve standards of care.

If spending on health care reached 8 to 9% of GDP, it would mean an individual would need to use some 15% of his income on medical expenses, including health insurance premiums and co-payments.

For more info read the Straits Times Thursday 11 Sep 2008 HOME page B2...

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