About Me

My photo
I am a Practitioner of 'The 7e Way of Leaders' where a Leader will Envision, Enable (ASK for TOP D), Empower, Execute, Energize, and Evolve grounded on ETHICS!

Saturday, March 23, 2019

Daily Lessons from Life 23 March 2019 - rising Healthcare costs in Sgp

"‘Hard choices’ need to be made to keep healthcare spending sustainable: PM Lee

SINGAPORE: Hard choices will have to be made as the Government considers ways to fund future healthcare spending, said Prime Minister Lee Hsien Loong on Saturday (Mar 23).

Healthcare expenditure currently exceeds S$9 billion and is set to rise even further. Eventually, this will be unsustainable, Mr Lee said.

“In the medium term, we have to find new ways to fund this healthcare spending. But at the same time, we have to think hard about what we must spend on, and which drugs and procedures are cost-effective,” he added.

“Hard choices will need to be made, and I hope we will have the support of Singaporeans in making them.”

Mr Lee was speaking at the opening ceremony of Sengkang General Hospital and Sengkang Community Hospital.

He added that Singapore's healthcare system must adapt to meet changing needs like longer life expectancy, rise in chronic diseases and smaller family sizes.

And while the Government is building better facilities, improving the healthcare system is a collective effort, Mr Lee said, as he urged Singaporeans to take responsibility for their own health.

“The best thing that we can do for ourselves is to take care of our own health, stay healthy, and avoid going to the hospital at all,” he said."

He is talking more abt the coatsincreasing healthcare cost as Sgp population aged.

There is a need to understand how we can curb or reduce the healthcare cost at source. e.g. reasonable annual pay or earning of doctors, million dollared executives??

Punishing people, both docs n insurers, who blatantly abused the medical insurance claims must b strict so that the integrity n sustainability can b assured.

Look both sides PM Lee please. 

No comments: