Healthcare in Singapore is getting more expensive, and fast. The latest WTW Global Medical Trends Report predicts medical costs could jump 16.9% in 2026, up from 15.5% last year and just over 12% in 2024, putting Singapore at the top of the Asia-Pacific chart.

At the same time, new insurance rules coming into effect this April mean patients may have to pay more out of pocket before coverage kicks in, even as premiums for some plans dip.

What’s behind these rising costs? Is healthcare becoming less affordable for everyday Singaporeans? 

On The Big Story, Hongbin Jeong speaks with Dr Akshar Saxena, Assistant Professor of Economics at Nanyang Technological University, to find out more. 

Healthcare in Singapore is getting more expensive, and fast. The latest WTW Global Medical Trends Report predicts medical costs could jump 16.9% in 2026, up from 15.5% last year and just over 12% in 2024, putting Singapore at the top of the Asia-Pacific chart.
At the same time, new insurance rules coming into effect this April mean patients may have to pay more out of pocket before coverage kicks in, even as premiums for some plans dip.
What&rsquo;s behind these rising costs? Is healthcare becoming less affordable for everyday Singaporeans?&nbsp;
On The Big Story, Hongbin Jeong speaks with Dr Akshar Saxena, Assistant Professor of Economics at Nanyang Technological University, to find out more.&nbsp;

Your evening guide to the day's most important topics — navigate the key events in politics, business, markets, wealth management, and top investment opportunities. Keeps you informed and ahead of the curve, daily.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.