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What to do about rising medical costs in Singapore? - Printable Version +- SG Talk (https://sgtalk.net) +-- Forum: SG Talk (https://sgtalk.net/Forum-SG-Talk) +--- Forum: Market Talk (https://sgtalk.net/Forum-Market-Talk) +--- Thread: What to do about rising medical costs in Singapore? (/Thread-What-to-do-about-rising-medical-costs-in-Singapore--128779) Pages:
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What to do about rising medical costs in Singapore? - lvlrsSTI - 11-04-2024 https://www.channelnewsasia.com/commentary/singapore-healthcare-medical-costs-rising-expensive-solution-insurance-coverage-4119801 RE: What to do about rising medical costs in Singapore? - lvlrsSTI - 11-04-2024 Why was the medical treatment so much more expensive here than in Japan? ![]() RE: What to do about rising medical costs in Singapore? - sgbuffett - 11-04-2024 Many Singaooreans will never seek treatment overseas in their mind it is potentially inferior. For longest time I did my dental in JB for a fraction of the price....but most Singaporeans think something bad will happen to then if they get treated overseas for anything. It's a mental block. RE: What to do about rising medical costs in Singapore? - Blasterlord2 - 11-04-2024 You all dunno meh? It's the high wages of the doctors that cause the medical costs to go up. Of cos, some will argue that they work hard for it. So I always advocate import of doctors from overseas. Why must other profession's wages be depressed but not the doctor's? Once you balance the demand with supply it'll be all right. It's just simple economics. RE: What to do about rising medical costs in Singapore? - sgbuffett - 11-04-2024 (11-04-2024, 02:55 PM)Blasterlord2 Wrote: You all dunno meh? It's the high wages of the doctors that cause the medical costs to go up. Of cos, some will argue that they work hard for it. So I always advocate import of doctors from overseas. Can the low wage worker who makes 2.5K a month afford a doctor who is paid $200K a month. I don't think so .... The fundamental problem is income inequality Japan has lowest inequality and Singapore has among the highest. The PAP will never bridge this gap even though its a matter of life and death for the people RE: What to do about rising medical costs in Singapore? - sgbuffett - 11-04-2024 (11-04-2024, 02:55 PM)Blasterlord2 Wrote: You all dunno meh? It's the high wages of the doctors that cause the medical costs to go up. Of cos, some will argue that they work hard for it. So I always advocate import of doctors from overseas. Can the low wage worker who makes 2.5K a month afford a doctor who is paid $200K a month. I don't think so .... The fundamental problem is income inequality Japan has lowest inequality and Singapore has among the highest. The PAP will never bridge this gap even though its a matter of life and death for the people RE: What to do about rising medical costs in Singapore? - Blasterlord2 - 11-04-2024 (11-04-2024, 03:02 PM)sgbuffett Wrote: Can the low wage worker who makes 2.5K a month afford a doctor who is paid $200K a month. I don't think so .... I agree with you it's because of income inequality. So what's best is to open up a profession that is protected by the govt. I once talked to a lawyer before about notorization service. I told him many of the steps could be skipped by automation. Then he told me that the lawyers won't allow it because they could earn a lot of money for doing very simple work. So it's the govt's intent to protect the lawyers and doctors because they could heavily influence the ballot box. RE: What to do about rising medical costs in Singapore? - lvlrsSTI - 11-04-2024 (11-04-2024, 03:06 PM)Blasterlord2 Wrote: I agree with you it's because of income inequality. So what's best is to open up a profession that is protected by the govt. Both lawyers and doctors are so filthy rich, it is because they steal money from our pocket, anyhow charge anyhow increase the prices….what garment can do is to set a guideline for price hike, if more than certain percentage people can report them to the government RE: What to do about rising medical costs in Singapore? - Alice Alicia - 11-04-2024 The 61% enjoy being scammed by pap. That's the problem. Like all scammers, they say they are paying half your cost. Then you turnaround to find that it's so much cheaper elsewhere. RE: What to do about rising medical costs in Singapore? - Oyk - 11-04-2024 (11-04-2024, 03:01 PM)sgbuffett Wrote: Can the low wage worker who makes 2.5K a month afford a doctor who is paid $200K a month. I don't think so .... A doctor who earns $200K a month is a senior consultant from a private horsepeter. Do you really need to see one? That's like saying food is very expensive because HDL charges this when you could have cai png for $5. A doctor who works in a polyclinic is not earning $200K a month and the government is not charging you $500 for a ten minute consultation. In fact even the GST is waived..but if you go to Mt E, you pay 9% GST on that $500, that's the price for 9 cai png lunches @$5 each. Just GST alone is $45. A lot of peepur like to compare with Malaysia. They are a resource rich country, have black gold...a lot of money went to politicians and toward supporting the bumis but still there is enough left for the almost free healthcare there. After that, they don't have money to maintain roads, build better schools while community centres and parks and even public libraries don't seem to exist. Can we do that? Give free healthcare? Yes, we can provided we raise taxes even more. No other way because we don't have oil, rubber and durians to pay for it. I am talking about government healthcare institutions, not the private ones. When Lorland Wong raised GST, a lot of jhks took to social media to whine. Singaporeans get GST rebates they don't. They don't care about medical bills because they work here and this is covered by their company. They only care about the GST they are paying for other things..then the 39% join in to "protest" and say the government should be vote out. Lorland kept explaining that it's to pay for rising healthcare costs. But you know it's so hard to raise money for that. You have an elderly mother and unless she had bought insurance and can afford to go private, I am sure you would appreciate that she gets PG or MG discounts and GST is waived. RE: What to do about rising medical costs in Singapore? - Geneco - 11-04-2024 Very simple mah... Sph 900 million divert to healthcare can le.... ![]() RE: What to do about rising medical costs in Singapore? - Ola - 11-04-2024 (11-04-2024, 03:31 PM)lvlrsSTI Wrote: Both lawyers and doctors are so filthy rich, it is because they steal money from our pocket, anyhow charge anyhow increase the prices….what garment can do is to set a guideline for price hike, if more than certain percentage people can report them to the government They are filthy rich for 5 unscrupulous Reasons: #1. Sell medicine to patients My GP doctor told me to buy medicine before RE: What to do about rising medical costs in Singapore? - Oyk - 11-04-2024 (11-04-2024, 03:06 PM)Blasterlord2 Wrote: I agree with you it's because of income inequality. So what's best is to open up a profession that is protected by the govt. Just like you told Imam not to generalize, you should do as you preach here. Don't use one lawyer and make sweeping statements. Most doctors and I interact with a lot of them, not one or two, are not pap supporters. Surprised? RE: What to do about rising medical costs in Singapore? - K88 shu shu - 11-04-2024 die is cheaper than medical care in SGP. RE: What to do about rising medical costs in Singapore? - lvlrsSTI - 11-04-2024 (11-04-2024, 04:32 PM)Ola Wrote: They are filthy rich for 5 unscrupulous Reasons: Sounds like drug dealer, when doctors ask me if I need painkillers, I said “No!”…GPs want to sell antibiotics as it is more costly. RE: What to do about rising medical costs in Singapore? - lvlrsSTI - 11-04-2024 (11-04-2024, 04:36 PM)K88 shu shu Wrote: die is cheaper than medical care in SGP. Heard the package prices increased at funeral service, at least 10k if I am not wrong RE: What to do about rising medical costs in Singapore? - Oyk - 11-04-2024 (11-04-2024, 02:55 PM)Blasterlord2 Wrote: You all dunno meh? It's the high wages of the doctors that cause the medical costs to go up. Of cos, some will argue that they work hard for it. So I always advocate import of doctors from overseas. Open up the profession to FTs? Hahaha! ![]() Seems like you are a pretty healthy dude. Or you stuck lottery and FIRE while still very young. So you hardly step inside a horsepeter. ![]() A huge number of doctors, nurses and allied healthcare professionals are from third world countries like India.... eek! CECA!, Myanmar and the Philippines. Not exactly 3rd world, so I will add it separately... from China as well. Go to Raffles Horsepeter if you want to see private, KTPH if you want government. Indian and Pinoy healthcare professionals plenty plenty. Chinese doctors also. Go to another of your choice. Same same. Do you know what I do for a living? RE: What to do about rising medical costs in Singapore? - Ola - 11-04-2024 #2. CHAS Card to see doctor Doctors just mark up the price and charge patients more Because it is covered by CHAS!! RE: What to do about rising medical costs in Singapore? - lvlrsSTI - 11-04-2024 (11-04-2024, 05:32 PM)Ola Wrote: #2. CHAS Card to see doctor Very dishonest, chasing got money rather than helping the patients RE: What to do about rising medical costs in Singapore? - lvlrsSTI - 11-04-2024 When I saw a GP for flu, he gave me 5-6 different types of medicines, unbelievable! RE: What to do about rising medical costs in Singapore? - Niubee - 11-04-2024 (11-04-2024, 02:49 PM)sgbuffett Wrote: Many Singaooreans will never seek treatment overseas in their mind it is potentially inferior. which one u go ? Address... RE: What to do about rising medical costs in Singapore? - EvertonDiehard - 11-04-2024 (11-04-2024, 02:44 PM)lvlrsSTI Wrote: https://www.channelnewsasia.com/commentary/singapore-healthcare-medical-costs-rising-expensive-solution-insurance-coverage-4119801 It is naive to believe that the healthcare industry in S'pore has to make a collaborative effort to serve the community, ahead of the profit motive. Unfortunately, the Govt can only ensure that health services are kept affordable for the masses in public sector facilities. The reality is that private medical care is a business where operators of clinics and hospitals are responsible to their shareholders in terms of profits and dividends. RE: What to do about rising medical costs in Singapore? - EvertonDiehard - 11-04-2024 (11-04-2024, 05:35 PM)lvlrsSTI Wrote: Very dishonest, chasing got money rather than helping the patients Control is in the hands of a few major players who operate in the presence of imperfect competition. This accounts for private healthcare costs rising at a rate of over 20% a year. While it is impossible for a single private hospital to corner the market, undercut all competitors and raise prices when patients are left with no alternatives, companies like Parkway Pantai, which owns four premier private hospitals in S'pore, have sufficient market share to enjoy an oligopoly. RE: What to do about rising medical costs in Singapore? - EvertonDiehard - 11-04-2024 (11-04-2024, 03:31 PM)lvlrsSTI Wrote: Both lawyers and doctors are so filthy rich, it is because they steal money from our pocket, anyhow charge anyhow increase the prices….what garment can do is to set a guideline for price hike, if more than certain percentage people can report them to the government You are asking the fox to guard the chicken coop! ![]() RE: What to do about rising medical costs in Singapore? - watchfirst9 - 11-04-2024 (11-04-2024, 05:36 PM)lvlrsSTI Wrote: When I saw a GP for flu, he gave me 5-6 different types of medicines, unbelievable! No all are necessary. sg govt has been among the lowest in medical expenditure, https://indivisibleventura.files.wordpress.com/2021/05/healthcare.jpg Going forward to keep it down, they will need to import more alternate medicines or traditional medical cheaper nurses from the region latest equipment that can replace doctor for some check lesser sugar, lesser sodium adv have higher chance than reduce def spending based on past experience. RE: What to do about rising medical costs in Singapore? - Blasterlord2 - 11-04-2024 (11-04-2024, 09:12 PM)watchfirst9 Wrote: No all are necessary. Means citizens are footing most of the bill. It's funny how the hospital bill always shows huge subsidy for citizens but the end amount is still very high. I suspect they just mark it up by a lot then give u the illusion that they give u big discount. RE: What to do about rising medical costs in Singapore? - watchfirst9 - 11-04-2024 (11-04-2024, 09:24 PM)Blasterlord2 Wrote: Means citizens are footing most of the bill. It's funny how the hospital bill always shows huge subsidy for citizens but the end amount is still very high. I suspect they just mark it up by a lot then give u the illusion that they give u big discount. I not sure but as population age, we need to lower the cost because other essential living cost has moving up fast. As govt revenue will become stagnant as our mature economy slows. Even for defence, must be more value for money. RE: What to do about rising medical costs in Singapore? - winbig - 12-04-2024 (11-04-2024, 02:55 PM)Blasterlord2 Wrote: You all dunno meh? It's the high wages of the doctors that cause the medical costs to go up. Of cos, some will argue that they work hard for it. So I always advocate import of doctors from overseas. There's a lot of doctors and lawyers in parliament so the salaries of these 2 professions will never be depressed. RE: What to do about rising medical costs in Singapore? - RiseofAsia - 12-04-2024 (12-04-2024, 06:52 AM)winbig Wrote: There's a lot of doctors and lawyers in parliament so the salaries of these 2 professions will never be depressed. Dont say too early. These 2 professions one day will be replaced by AI robots. RE: What to do about rising medical costs in Singapore? - winbig - 12-04-2024 (12-04-2024, 07:13 AM)RiseofAsia Wrote: Dont say too early.In SG they'll protect these 2 professions. |