- Michael Clarke
Singaporean Health System and Employer Contributions
Singapore has a universal health care system where government ensures affordability, largely through compulsory savings and price controls, while the private sector provides most care. Overall spending on health care amounts to only 3% of annual GDP. Most of the contributions are privately paid by the employee and employer.
The state system provides cover to a basic level but it is common practice for employees of internationally headquartered companies to have supplemented health care.
Michael Clarke, Managing Partner
V-Sub International Payroll