Singapore's healthcare system has been lauded by many for its relatively low spend and good outcomes. Newsweek recently ranked Singapore General Hospital as the world's third best hospital. Strong medical infrastructure, coupled with the country's robust clinical governance framework and reputation for excellence, have attracted even foreign dignitaries to Singapore hospitals.
But the system is not without shortcomings. Long waiting times and overcrowding at public hospitals remain issues. The Government has more than doubled its public healthcare spending in recent years to keep up with the needs of Singapore's rapidly ageing population. Increased medical subsidies to keep rising public healthcare costs in check have widened the cost disparity between public and private hospitals, which are not shielded from the impact of global inflation and rising business costs.