Insight

S'pore stretches healthcare dollar with targeted subsidies

With healthcare spending going up every year as Singapore's population greys and the country's fiscal situation gets tighter than it has been in decades, it has become more crucial than ever to make every dollar count. Insight looks at how the latest changes in the healthcare subsidy framework help make a difference.

Stretching the healthcare dollar is one of the main aims behind changes to the subsidy structure in public healthcare institutions.
Stretching the healthcare dollar is one of the main aims behind changes to the subsidy structure in public healthcare institutions.ST PHOTO: YONG LI XUAN

SINGAPORE - Healthcare spending has sometimes been compared to a balloon - squeeze it in one area and a bulge appears in another.

The analogy speaks to how difficult it is to rein in rising healthcare costs, a challenge that Singapore has become increasingly familiar with as its population greys.

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