Affordable healthcare in Sin
Singapore healthcare, like public housing is affordable. A meningitis case in KK Hospital ended with a $130k bill for the boys’s parents. But they are not complaining. They were too happy with the bill as it was affordable. They only need to pay $250 pm for the next 42 years, interest free some more. The hospital is so compassionate and generous by not charging them any interest.
Welcome to the all inclusive and richest nation in the world when a truck driver would not bat an eyelid having to pay $130k hospital bill incurred by his son. He is happy and the hospital is happy, for the next 42 years.
The paper millionaires in Sin are living precariously with their $1m property and feeling very secure and pleased with themselves. They did not know that all it needs is a family member to be down with cancer and his wealth will be down by half a million immediately, to be paid in cash. And the monthly check up is going to cost him $10k for the next 2 to 3 years at least. Such millionaires will be in debt in no time even after selling off his only paper asset.
As for the retirees, the system is designed to finish his savings in double quick time with inflation devouring away everything he got. Retirement is a very dangerous state of existence unless one is drawing a million bucks in retirement pay. They have counted why they needed $1m a year on retirement.