Medical Savings Accounts: The Singapore Experience

Studies | Health

No. 203
Monday, April 01, 1996
by Thomas A. Massaro, M.D., Ph.D. and Yu-Ning Wong


Conclusion

A key component of American health care reform will be the intelligent balancing of market forces and government interventions. Singapore has achieved a balance appropriate for its population through a savings orientation, strong economic growth and aggressive government intervention. Medisave and Medishield work well as part of its balance, and they are replicable. Cultural acceptance of personal responsibility may not be. Still, Medical Savings Accounts should be considered one part of the solution to the global problem of growing health expenditures.

NOTE: Nothing written here should be construed as necessarily reflecting the views of the National Center for Policy Analysis or as an attempt to aid or hinder the passage of any bill before Congress.


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