What Singapore Can Teach the White House
Its health care is first class, cheap and market-driven.
Dr. Yap is referring to the higher costs that come from an American system that depends on regulation and oversight to accomplish what Singapore tries to do with competition and choice. At the Raffles lounge for international patients, he shows me an example of the latter. It's a one-page, easy-to-read list of fees. Full Story »
Posted by Kaizar Campwala - via Opinion Source, Wall Street Journal (Opinion), AllTop
Recently a good friend collapsed without warning and was taken by ambulance to the nearest hospital. She was given a blood transfusion, and she was kept in the hospital overnight for observation. No additional tests were performed, because she already knew the cause--intrauterine fibroid tumors. Because she had no insurance, she was billed at maximum possible rates (later determined to be three times the rate an insurance company would have paid) to total $18,000! This situation is simply outrageous and would not be tolerated in any other area of modern life.