It is probably regulated in a far more complicated manner.
Singapore has forced savings accounts for basic care (out of pocket spending drives costs down), less barriers to entry into the medical profession (thus more doctors at lower wages than the US), less regulation that results in non-competitive hospital and medical practice like in the US.
It's far more effective at delivering high quality at low cost due to more market forces. They spend 3% GDP for excellent results vs 16-20 in the US which is a regulatory death by a thousand cuts.
Catastrophic care is covered by the government but this is far more efficient than universal systems elsewhere.
If you think US Healthcare is a problem of a lack of regulation you don't understand US Healthcare…
The problem is not how much is regulated, it is what parts are regulated and whether they really matter. Opaque pricing is definitely an issue in the US, as is over-reliance on medications [1] which is correlated to shitty workers rights.
Yeah, it's a complex issue with many interlocking parts.
Which is why it's a shame when we get hung up on "privatized" vs. not - on that kind of topic people have often already made up their mind, and you're just not going to get anywhere anymore.
