Figure 1. Population Projection of Singapore (image) World Scientific Share Print E-Mail Caption The proportion of population aged 65 years and older in year 2020. Total healthcare expenditure in Singapore accounted for 5 percent of the country's GDP in 2013, with the majority coming from out-of-pocket private expenditure. A range of government subsidies exist. However, health-care financing in Singapore is highly dependent on individual income levels. Most of Government's medical subsidies, notably Medisave and MediShield, are inclined towards inpatient treatments. Private insurance has shown a significant growth of 21 percent per annum, which indicates higher awareness among Singaporeans of the importance of healthcare financial coverage. The older generation (+65 years) in Singapore relies on Government expenditure on health for long-term care besides other sources of income. Credit APBN Usage Restrictions None Share Print E-Mail Disclaimer: AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert system.