SINGAPORE (Mar 18): Is there a perfect healthcare system? One that guarantees the best possible outcomes in terms of the population’s health, remains affordable for the government and the people, and gives the service providers a comfortable margin of profitability?

Healthcare systems across the world are as varied as they come. On one end is Britain’s National Health Service, a socialised healthcare service that people seem to love or hate in almost equal measure. At the other end of the spectrum is Switzerland’s largely private-run system that has been ranked as one of the world’s best.

Singapore’s healthcare system is, in some ways, similar to that of the Swiss. The Alpine country spends comparatively little public money on healthcare. There are subsidies for the lower-income groups, of course, but all Swiss residents are responsible for their own medical insurance and, as in Singapore, are required to pay part of the bill as deductibles and co-insurance, as a way to discourage overconsumption.

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