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Is healthcare Subsidised in Singapore?
Singapore citizens and permanent residents are entitled to subsidised healthcare services provided through government healthcare facilities. Depending on various factors, the amount of subsidy can range from 50% to 80%.
How do subsidies work?
Government subsidies help an industry by paying for part of the cost of the production of a good or service by offering tax credits or reimbursements or by paying for part of the cost a consumer would pay to purchase a good or service.
How is Singapore healthcare system funded?
Singapore's healthcare system is funded by the government and through the public, via their contributions to the Medisave program and the Medisheild insurance plan. The government also manages the Medifund endowment investments. This occasionally comes up as a source of concern for the public.
Does Singapore have government healthcare?
Singapore has achieved universal health coverage through a mixed financing system. The country's public statutory insurance system, MediShield Life, covers large bills arising from hospital care and certain outpatient treatments.
What makes Singapore’s health care so cheap?
On top of the subsidies and defences that all Singaporeans get, lower-income families get additional help from the Government. Lower- to-middle-income families get up to 50% subsidies on their MediShield Life premiums. Those who still cannot afford their premiums can apply for Additional Premium Support.