Insurers have to rein in 'buffet syndrome' pushing up healthcare costs: Ong Ye Kung

Insurers have to rein in 'buffet syndrome' pushing up healthcare costs: Ong Ye Kung

Asia One·2024-07-13 09:00

SINGAPORE – Singapore needs to break the health insurance vicious circle or the escalating healthcare costs it creates will make paying for healthcare very painful, said Health Minister Ong Ye Kung.

With rising claims enabled by generous insurance policies leading in turn to rising premiums, the Ministry of Health needs to rein in the current very unhealthy buffet syndrome.

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