SINGAPORE, April 10 — By 2030, healthcare spending in Singapore is poised to become the government’s largest financial commitment, with projections pointing to an annual...
‘Nothing is certain about Trump but uncertainty’: Malaysia welcomes US tariff pause but remains wary ahead of key Asean meetingOng acknowledged the challenges posed by an ageing population, which is expected to drive up national healthcare expenditure. — Reuters picSINGAPORE, April 10 — By 2030, healthcare spending in Singapore is poised to become the government’s largest financial commitment, with projections pointing to an annual expenditure nearing S$30 billion .
“We can make it affordable to the patient, but there’s no doubt that with an older population, healthcare expenditure, whether by the government or nationally, is going to go up,” he was quoted as saying. “Because they are old, there is underlying illness after Covid-19. They are more frail, and one infection is all it takes for them to be in the ICU,” he said.
In an effort to keep healthcare affordable, the government is enhancing the definition of basic healthcare, including expanding MediShield Life coverage. From April, MediShield Life will cover treatments involving cell, tissue, and gene therapy products — cutting-edge, personalised treatments that have the potential to address previously untreatable conditions.
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