Polyclinic fees keep increasing – got surpluses or not?

“Singapore healthcare firms ailed by rising costs, but there are bright spots” (BT, Jan 24)Comment:

My friend who gave birth to 3 children (2 boys + 1 girl) in the last 4 years, told me that the polyclinic consultation fee for each of her 3 children were different – First child $13.20,Second child $14.00,Third child $14.80, and possibly during the pandemichttps://healthpal.sg/

https://thesmartlocal.com/……/national-skin……/amp/

The polyclinic consultation fee is now $14.80https://polyclinic.singhealth.com.sg/patient-care/charges-payment

In 1997, the fee was $7

This works out to an increase of 111.4%

Inflation from 1997 to 2022 was 50.7% (73.627 CPI 1997, 110.96 CPI 2022 Nov)

https://data.gov.sg/……/consumer-price-index-annual……

So, the polyclinic fee increased by 111.4% against inflation of 50.7%

Since the “polyclinic fee” is probably the cheapest that the lower-income can go to, for medical consultation – why has the increase been more than double the inflation rate?

In this connection, I understand that the 2 national health groups may have been making surpluses, almost every year

For example, one healthcare group had a surplus of $144m (7,677m revenue – 7,533m expenditure) for the year ended 31 Mar 2022

https://www.singhealth.com.sg/……/SingHealth…… (page 106)

#SGIssuesThatMatter

 

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About the Author

Leong
Leong Sze Hian has served as the president of 4 professional bodies, honorary consul of 2 countries, an alumnus of Harvard University, authored 4 books, quoted over 1500 times in the media , has been a radio talkshow host, a newspaper daily columnist, Wharton Fellow, SEACeM Fellow, columnist for theonlinecitizen and Malaysiakini, executive producer of Ilo Ilo (40 international awards), Hotel Mumbai (associate producer), invited to speak more than 200 times in about 40 countries, CIFA advisory board member, founding advisor to the Financial Planning Associations of 2 countries. He has 3 Masters, 2 Bachelors degrees and 13 professional  qualifications.