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Prescriptions to rein in healthcare costs

Just as all parties played a part in rising costs, all have a role in keeping a lid on spending.

Healthcare costs in Singapore are soaring. The Government's share alone has gone up from $4 billion in 2010 to more than $10 billion this year. Ordinary people and companies that cover their employees are also spending more.

The ageing population has contributed to this rise as older people tend to require more healthcare services. There is also greater awareness of medical treatments as well as better treatments that persuade people to spend more on such procedures.

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A version of this article appeared in the print edition of The Straits Times on March 29, 2018, with the headline 'Prescriptions to rein in healthcare costs'. Print Edition | Subscribe