SINGAPORE — Singapore needs to make sure healthcare spending as a proportion of GDP does not increase too much, Health Minister Ong Ye Kung said.
Singapore needs to make sure healthcare spending as a proportion of GDP does not increase too much, Health Minister Ong Ye Kung said.
But the US and UK still face a high incidence of chronic illness, high obesity rates and lower expected lifespans.The minister was responding to points brought up by Non-Constituency MP Leong Mun Wai during a two-day debate on a motion on supporting healthcare, which was tabled by Nominated MPs Dr Tan Yia Swam, Mr Abdul Samad and Dr Shahira Abdullah.In his speech, Mr Leong said the government has not contributed enough to cover healthcare expenditure.
“While a wealthier family can handle a medical catastrophe better, a similar catastrophe can easily wipe out the MediSave and cash savings of a low-income family even after MediShield payout,” he said. “This is where the big bucks and big expenditure are and it will push our healthcare expenditure and spending to the levels of OECD countries,” Mr Ong said.
Mr Leong earlier said the funds should increase payouts to members, noting that only a small percentage of the total assets are paid out each year.INTERLINKED SYSTEMS
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