Tuesday, May 24, 2011

Singapore medical cartel 1: Making rentier profit

There are many reasons for the exorbitant healthcare cost in Singapore. Artificial scarcity in healthcare resource cook up by medical cartel colluding with PAP is one of the main reasons.


In 1999, there were 11,742 hospital beds and a population of around 4 million in Singapore. In 2009, the hospital beds actually decreased to 11, 663 while our population hit around 5 million. 


Our hospital bed ratio is behind Greece, Turkey, Argentina...etc and far behind the world average of 3.96. I wonder if PAP is reincarnate of parasite? 


Source

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