1. Healthcare costs in Singapore are rising due to an aging population, medical advancements, and chronic disease prevalence.
2. Government healthcare spending has doubled over the past decade, putting pressure on public finances.
3. Higher insurance premiums could burden Singaporeans as insurers adjust for increased costs.
4. The article suggests improving preventive care, optimizing insurance models, and better resource allocation to manage costs.
5. A collaborative approach involving the government, insurers, healthcare providers, and the public is essential for a sustainable system.
My Thoughts
- As a common saying goes, it's better to die quick than to go in and out of hospital, attending treatments with expensive bills. π
- While correct diet and exercise are good preventive measures, no one really knows when their time is almost up. When the body starts to fail, the will to live is challenged and varies depending on each individual's circumstances.
- It's good to plan out finances, wills, CPF nominations, etc while mentally sound and physically fit. Mental preparation is important as well. I think upon reaching 50, be prepared to leave this world anytime.
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