Healthcare in Singapore is under the purview of the Ministry of Health of the Government of Singapore. It mainly consists of a government-run publicly funded universal healthcare system as well as a significant private healthcare sector. Financing of healthcare costs is done through a mixture of direct government subsidies, compulsory comprehensive savings, national healthcare insurance, and cost-sharing.
The Singaporean public health insurance system is based on programs run by the Central Provident Fund, primarily Medisave, a mandatory medical savings account scheme. All working citizens and permanent residents are obligated to set aside a portion of their income into Medisave accounts, which they can draw upon to pay their own medical bills and those of their immediate family. The Central Provident Fund also manages the MediShield and MediFund insurance schemes, which cover people with insufficient savings or those who have depleted their savings. In addition, the government provides subsidies for the medical expenses of citizens and permanent residents who receive treatment in public hospitals.
Singapore generally has an efficient and widespread system of healthcare. In 2000, Singapore was ranked 6th in the World Health Organization's ranking of the world's health systems.[1] Bloomberg ranked Singapore's healthcare system the most efficient in the world in 2014.[2] The Economist Intelligence Unit placed Singapore 2nd out of 166 countries for health-care outcomes.[3] Bloomberg Global Health Index of 163 countries ranked Singapore the 4th healthiest country in the world and first in Asia.[4]
As of 2019, Singaporeans have the world's longest life expectancy, 84.8 years at birth. Women can expect to live an average of 87.6 years with 75.8 years in good health. The averages for men are lower, with a life expectancy at 81.9 years with 72.5 years in good health.[5]
According to global consulting firm Towers Watson, Singapore has "one of the most successful healthcare systems in the world, in terms of both efficiency in financing and the results achieved in community health outcomes".[6] For the most part, the government does not directly regulate the costs of private medical care. These costs are largely subject to market forces, and vary enormously within the private sector, depending on the medical specialty and service provided.[6]