Singapore has an interesting model, part of which is laid out in this article. They have been able to achieve very good results, such as better health at lower cost (measured as percentage of GDP). What’s the key to their success?
The key to Singapore’s efficient health care system is in its emphasis on the individual to make a significant contribution towards their own healthcare costs. With this focus, the Government has been able to maintain a relatively low level of public expenditure on health for many years with the major burden put on individuals and/or their employers.
This is largely because they have kept competition and markets intact by voucherizing healthcare instead of nationalizing it, which we could do here in the US with tax credits.
The left won’t even begin to look at their model, however, because they’re obsessed with government control. But as we enter this ideological war over healthcare, compromise may be found on a little island in Asia.
-Max Borders
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