Due to population ageing, healthcare will account for the bulk of increases in government social spending by 2030 as it is predicted that the older population will account for 25 percent of Singaporeans.
It is estimated that if the current healthcare spending, excluding Covid-19-related expenditure, continues to increase at a similar rate over the coming decade, Singapore will spend about $27 billion or around 3.5 percent of GDP on health care by 2030. Thus, the national programme for preventive care to be launched to reduce healthcare costs and household financial burden.
For more information, read the full news article originally published in THE STRAIT TIMES.
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