06 Feb '11, 3pm

High Cost of Medical Care in Singapore: With more than 42 per cent of all admissions to restructured hospitals...

High Cost of Medical Care in Singapore: With more than 42 per cent of all admissions to restructured hospitals...

The average Class C hospital bill is about $1,600, equivalent to less than one week of the average household income. Eight out of 10 Class C hospital bills are fully covered by Medisave withdrawal limits. With MediShield, the vast majority of Class C patients do not have to pay anything out of pocket. [LT: I've pointed to the flaw of using average bills, 80 percentile bills as an indication of affordability. A typical hospital see numerous small cases of people warded for observation, minor surgeries etc. If you've stayed in hospital, you will know that severe cases such as ICU, major surgery etc form a small number of cases and for many people, it is a "once in a lifetime" illness. What is important is the size of these large bills - the top 5% or top 1% - how much they rise over time. Because it just take one case in a family to severely burden them. Looking at average b...

Full article: http://www.temasekreview.com/2011/02/06/high-cost-of-medi...

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