By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: How to Control Healthcare Costs: Lessons from Singapore
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Policy & Law > Global Healthcare > How to Control Healthcare Costs: Lessons from Singapore
BusinessGlobal HealthcareHealth Reform

How to Control Healthcare Costs: Lessons from Singapore

Sarah Sonies
Sarah Sonies
Share
4 Min Read
Image
SHARE

  Americans pay more for their health care than residents of other high-income countries, but have greater health disparities and worse health outcomes. Singapore ranks sixth in the world in health care outcomes, well ahead of other developing countries, while spending significantly less than other high-income countries. William Haseltine, chairman and president of ACCESS Health International and author of Affordable Excellence: The Singapore Health Care System, attributes Singapore’s ability to control health care costs to balancing a highly regulated market and managing a successful social wellness program. Haseltine discussed how Singapore’s control of health care costs can be translated to the United States at a June 13 Brookings Institution briefing in Washington, DC. According to Haseltine, Singapore’s success stems from a unified and long-range government decision-making process. Citizens of Singapore are placed into a mandatory savings program that is often equated to an American 401k, in which a significant portion can be used for health care expenses. While the United States and Singapore differ in size and demographics, Hasseltine suggested that several elements of cost management in Singapore could also work in the United States. Singapore is currently in the process of transitioning from a fee-for-service (FFS) to a payment system based on DRGs; Haseltine noted that the United States is moving in the right direction toward a bundled payment system, as outlined in the Affordable Care Act (ACA). Both countries struggle with controlling costs for elderly care and chronic disease. In Singapore, patients have to pay for 20 percent of a procedure or treatment costs, but the country has a very low bankruptcy rate due to health care costs. Haseltine attributes the low rate to several programs that wholly protect the underserved, run by Singapore’s Ministry of Health. Medifund exists to protect the indigent and ElderShield is a resource that enables the elderly to receive quality care at a much lower cost. Haseltine cited several lessons from Singapore that the United States could use in its implementation of the ACA.

  • Regulating the co-payment system: Individuals pay as much as they can afford, but there are also resources allocated to making it possible for those who cannot pay to receive high-quality care.
  • Greater transparency: In Singapore, patients have access to online data, listing prices of different hospitals, care centers, and procedures—also true in the United States. However, due to the Chargemaster system in the United States, true health care cost transparency is difficult to obtain, because listed prices are often much higher than the actual cost of a procedure. There have been many calls to further regulate the Chargemaster system in order to obtain a greater fluidity between health care prices and actual costs in the US.
  • Regulated competition: Singapore has a highly regulated high-deductible market, but also resources to ensure the underserved have access to care.
  • Work towards a greater transitional system: How can we make it easier to transfer from hospital-based care to home-based care in a way that gives patients and their families resources to better manage medications and overall health?

There are many initiatives underway in the United States that are designed to reduce costs and improve the quality of care and patient outcomes. The United States and Singapore share a strong commitment to strengthening medical education. The AAMC profiled the team-based learning program at Duke–National University Singapore in a 2012 case study, available here. Original Post

TAGGED:healthcare costs
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5KFollowersLike
4.5KFollowersFollow
2.8KFollowersPin
136KSubscribersSubscribe

Latest News

weight loss surgeon
How to Choose the Best Surgeon for Weight Loss Surgery
Weight Loss Wellness
February 11, 2026
aging care healthcare system
The Growing Role of Terminal Care Specialists in a Rapidly Aging Healthcare System
Global Healthcare Senior Care
February 11, 2026
Why Trauma and Addiction Are Linked and How Effective Programs Treat Both
Addiction Addiction Recovery
February 10, 2026
car accident injuries
The Hidden Healthcare Impact of Car Accident Injuries
News Policy & Law
February 8, 2026

You Might also Like

Health Care and Digital Influencers on Twitter
BusinesseHealthSocial Media

List of Health Care Social Media and Digital Influencers on Twitter

August 4, 2014

Teachers Get Free Botox in Buffalo

January 28, 2012

FDA Approves Oral Hepatitis C Virus Inhibitor

May 14, 2011
Business

When Should a Doctor Fire a Patient?

February 6, 2012
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?