• Singapore Health Insurance Information

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In Singapore, the performance of the country's healthcare industry comes under the watch of the government's Ministry of Health.  The city state, in general, has a reputation of having efficient and well regulated healthcare system.  It is essentially made of public funded universal healthcare system, with the private healthcare providers playing complimentary role.  Official numbers released in 2006 indicated that crude birth rate was 10.1 for every 1000 people -- a result from successful implementation of both control policies, and the crude death rate at 4.3 for every 1000 people made it one of the lowest among the countries in the world. 

The report also pointed out that fertility rate for individual woman in Singapore was 1.26 (making it the 3rd lowest internationally) and fell short of the desired population refresh rate of 2.10.  In 2000, Singapore was recognized by World Health Organization (or WHO for short) as having the 6th best health care system in the world.

 In singapore, the government makes sure of basic health care remains affordable for its overall population.  This is achieved through two pronged approaches: enforced savings and price controls.  On the other hand, the private healthcare providers serve the market for more extended and expanded health care needs. 

Expenditure relating to healthcare investment represents just 3% of the country's gross domestic product (or GDP for short), with the private sector responsible for up to 66% of this figure.  World Health Organization stated that currently Singapore enjoys the lowest infant mortality rate internationally (a record only equaled by Iceland) and it is among the top countries with the highest life expectancies. 

Watson Wyatt, a global consulting firm, also credited Singapore's healthcare system.  In its words: "Singapore has one of the most successful healthcare system in the world, in terms of both efficiency in financing and the results achieved in community health outcomes."  Indeed, most recognized that this successful singapore model used in health care system is hard to replicate in most other countries.  Among the many measures employed by the government are:

-                    Enforced savings through payroll deduction.

-                     National catastrophic health insurance plan.

-                     Government subsidies.

-                     Regulation of prices and supply of healthcare services.

 For more affluent Singaporeans who wish to have more coverage than the basic scope provided by the national scheme, they can turn to private healthcare insurance providers.

 The delivery system in Singapore healthcare is made up of 10 public (government) hospitals, some 13 private hospitals and a number of specialist clinics, each styled or designed to carry out different procedures (at widely different charges) according to patients needs.

 Residents are able to decide on any government or private medical facilities for the required medical treatment.  Additionally, all 24-hours accident and emergency departments run by the government hospitals does not turn away any walk-in patients looking to receive treatment.

 Singapore hosts some of the finest medical facilities the world has to offer, and some of the medical professionals here come with excellent credentials in terms of outstanding qualifications and practical experiences.

If you wish to have further information about international medical insurance  or a  free quote, please do not hesitate to contact one of our highly trained advisors.