PAP MINISTER SAY PUBLIC HOSPITALS DO NOT MAKE PROFITS FROM DRUGS SOLD TO S’POREANS

Responding to WP’s Low Thia Khiang’s question that some Singaporeans still find medication in Singapore expensive and unaffordable, Health Minister Gan Kim Yong declared that Singapore’s public health institutions are NOT FOR PROFIT organisations.

He said that they do not make profits on the drugs prescribed and although there is a margin on the drugs sold, that was to offset overheads and operational costs, which are not profit margins.

Gan elaborated that in 2016, the Government provided $4.3 billion in funding to public hospitals to support operations and keep costs low.

Check Also

Denise Phua to Pritam Singh: PM Lee ‘graciously’ created a role for you

Yesterday, Denise Phua rebutted Pritam Singh in Parliament after he questioned the need for CDCs …