A letter was published in the Straits Times Forum page complaining about the high fee charged for a medical report. The Singapore Dental Center replied that the cost of $90 (or thereabouts) represent only a part of their total cost in preparing the report.
I consider the cost of $90 to be excessive. An "angry doc" asked me to state what I felt the fee should be. I replied "$30". Another anonymous doctor said that he would outsource the writing of the report to other doctors for this fee. This argument is not fair, as it will be more difficult for another doctor, who is not attending to the patient, to write the report with the same effort.
A member of the public asked me to justify the $30, which he felt to be too high. A doctor charged only $30 for a consultation. He argued that the cost of writing a report should be lower.
This is the kind of problem that can arise when the regulators decide to leave such matters to the "free market". Actually, there is no free market here - but a monopolistic situation.The doctor who attended to the patient is the only party that has the information to write the medical report. They can charge whatever they want, and justify their fee based on the effort taken to write the report. If they are inefficient, their cost is obviously higher, so they can easily justify a high fee.
We also have to define what constitute the report. My suggestion of $30 is for a routine report that will take the attending doctor 10 minutes to write. I have seen many doctors and it takes this time for them to read their patient card and write down what is the problem with me relating to a specific medical condition. In most cases, this is what is needed to support an insurance claim or application for insurance.
A more detailed and complete medical report covering all of a patient's medical condition would obviously cost much more than $30. But, this is only required for exceptional cases, and is not the norm. There is a low cost way and a high cost way to write a medical report. The consumer would want a low cost, and the doctor would want a high cost. How can this be resolved in the "free market environment" in Singapore?
I hope that our government leaders and regulators will find out what is really happening on the ground and why consumers are complaining about the high cost of living in Singapore. There are countless examples happening every day.
Tan Kin Lian
- ► 2018 (475)
- ► 2017 (1258)
- ► 2016 (828)
- ► 2015 (691)
- ► 2014 (144)
- ► 2013 (501)
- ► 2012 (1269)
- ► 2011 (1873)
12/12 - 12/19
- BEST Business Game
- Use Excel to calculate yield
- Invest in an indexed fund
- Role of social insurance
- GPS Navigation System
- Tourist attractions
- Renovating an industrial premise 
- Who pays for the cost of medical report?
- Financial planning for a child
- Financial planning for retirees
- Keep your existing Living policy
- After the Event Insurance
- High insurance charge on ILP
- Capsule hotel in Japan
- Beauty of the night
- Credit card for those above 60
- Concept about aging
- Color printer
- Download of Window Phone Apps
- Web App - Learning Tips
- Mobile App - Learning Tips
- Preventing dementia
- OKI Color Printer C3300
- Be educated about insurance
- Be educated about insurance
- Taxi fares in Kuala Lumpur - two tiers
- Happiness and wealth
- Taxi service in Singapore
- Talk by Dr. Jacques Attali (13 January 2011)
- FISCA financial planning talk
- FISCA insurance talk
- WikiLeaks and Negative Views
- Test your knowledge of insurance
- Capitalist system and its safeguards
- Court case on DBS High Notes - legal fees
- Dispute on interest rate with NTUC Thrift
- Life insurance policies sold to elderly, illiterat...
- Message from Spa Victim
- Democracy rating
- Ape Snap Dining Vouchers
- Wealth accumulator and Flexi Life
- Data roaming charges
- Fire safety regulations need to be practical
- Business Times report on the court decision on DBS...
- Cost of preparing a medical report
- SDCF and fire safety regulations
- Office renovation and fire regulations
- Court decision on DBS High Notes
- Heart implant at subsidized rate
- Timely termination of life insurance policy
- FISCA talk - Insuring your financial security (aka...
- Tips on preventing dementia
- Book - get value from your life insurance policies...
- HSA warns against pills
- Stress and high school students
- Invitation from the author of "Wisdom on how to li...
- Sudoku (Logic9)
- Case study - financial planning for the young
- Benchmark for deduction under a life policy
- Reforms in Malaysia
- WikiLeaks and George Yeo
- Make your own decisions
- Sydney Morning Herald - Big fat red faces
- Tranparency International's survey on corruption
- Low ranking under UN human development index
- MAS and whistle blowing
- FIDREC and the consumer
- Cash out scam
- Yield on Life Insurance Policy
- Tips on Savings and Investments
- Fake $10 note
- Wikileaks and Singapore leaders
- China - the old and the new
- Investor sue DBS over Lehman bonds
- Use Excel formulas
- 90% tax on banker's bonus
- Taxi service in Kuala Lumpur
- KL International Airport
- Medical report fee charged by the Singapore Dental...
- ▼ 12/12 - 12/19 (79)
- ► 2009 (1654)
- ► 2008 (2104)
- ► 2007 (1803)
- ► 2006 (696)
- ► 2005 (159)