Keeping abreast: Healthcare systems must be designed and managed to ensure cost-effectiveness. — The Straits Times / Asia News Network
HEALTHCARE is a public good that can become rivalrous in nature when over-consumption leads to long queues for treatment, stretching over months as seen in various countries.
When health risks are pooled, unbridled costs are eventually passed onto all citizens in the form of higher premiums for health insurance. These are reasons enough to scrutinise how healthcare providers and patients are making choices when a range of options are available, including widely publicised technological breakthroughs.
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