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
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    An Expert’s Guide To Building and Improving Endurance
    June 30, 2022
    medical assistants
    What Do Medical Assistants Do On a Day to Day Basis?
    April 5, 2022
    superfoods to help with prostate health
    10 Healthy Foods That Can Help Protect Your Prostate
    August 29, 2022
    Latest News
    Why Custom Telemedicine Apps Outperform Off‑the‑Shelf Solutions
    July 20, 2025
    How Probate Planning Shapes the Future of Your Estate and Family Care
    July 17, 2025
    Beyond Nutrition: Everyday Foods That Support Whole-Body Health
    June 15, 2025
    The Wide-Ranging Benefits of Magnesium Supplements
    June 11, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    pfizer and clinical data transparency
    Pfizer to Expand Clinical Trial Data Access, Takes Step Toward Transparency
    December 6, 2013
    Improving Healthcare Services And Management Through Tech Integration
    June 9, 2020
    obamacare and the uninsured
    Why Hospitals Are Still Gouging the Uninsured
    January 7, 2014
    Latest News
    How IT and Marketing Teams Can Collaborate to Protect Patient Trust
    July 17, 2025
    How Health Choices and Legal Actions Intersect After an Injury
    July 17, 2025
    How communities and healthcare providers can address slip and fall injuries with legal awareness
    July 17, 2025
    Let Your Lawyer Handle the Work Before You Pay Medical Costs
    July 6, 2025
  • 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

botox certification
Help Improve People’s Skin Health Via Botox Certification
Skin Specialties
July 22, 2025
Telemedicine Apps
Why Custom Telemedicine Apps Outperform Off‑the‑Shelf Solutions
Health
July 20, 2025
Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
How IT and Marketing Teams Can Collaborate to Protect Patient Trust
Global Healthcare Policy & Law
July 17, 2025
paramedics in surgical gloves and masks
How Health Choices and Legal Actions Intersect After an Injury
Health care
July 16, 2025

You Might also Like

Collaborating for Population Health Management Strategy

December 30, 2012
smoker health premiums
Health ReformPolicy & LawPublic Health

Giving Smokers a Pass on Health Premiums

July 19, 2013

The Value of Healthcare Portals for Patient Engagement

February 10, 2015

What You Need to Know About This Year’s AdvaMed Conference

September 20, 2011
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?