Monday, February 24, 2014

Cost of health care in Malaysia and Singapore

I am not surprised that Malaysia ranked quite well in an international ranking about affordable health care.
Many Indonesians go to treatment in Malaysia, and bypass Singapore, which is too expensive. Malaysia offers quite good medical care at less than half the cost of Singapore.
We have allowed our cost in Singapore to increase too much, due to inefficiency and waste. We are a wasteful and high cost country. We need drastic action to be taken to bring our cost down to competitive levels.
I fault the Finance Minister for his failure to recognize the challenges facing the economy of Singapore. We cannot continue to rely on a property and car bubble to achieve economic growth. It is like stealing the future of our children.

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