Market Report, "Singapore Pharmaceuticals & Healthcare Report Q3 2012", published
BMI View: The reduction in healthcare subsidies for permanent residents (PRs) in Singapore, which is to be implemented in two phases over the coming 12 months, is a politically driven move rather than a genuine restructuring of the public healthcare system. The policy also fails to address current healthcare concerns, which include rising costs, long hospital waiting times and a lack of beds. For the time being, we hold to our market forecasts, on the basis of continuing need for...
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