When doctors are pressure by their hospitals to make profits, then patients end up paying more. If a doctors tell you that you need to take this expensive cure or you will be dead soon, how many patients dare defy their opinions even though it can wipe out their savings.
Please don't make HEALTH CARE a free market economy.
Health and social policy Adjunct Associate Professor Phua Kai Hong at the Lee Kuan Yew School of Public Policy in the National University of Singapore said the financing structure for healthcare has evolved over the years because of policy changes and the growth of third-party insurers.
He said there used to be a guideline on what doctors could charge, and they had to justify it when charging higher fees.
But the guideline was scrapped 12 years ago "in the interests of the free market economy".
https://www.tnp.sg/news/singapore/insurance-linked-high-medical-inflation
