Updated on 27 November 2014
Singapore secures the second place while South Korea ranks third in EIU's report
Singapore: The recent report released by The Economist Intelligence Unit (EIU), ranks Singapore's healthcare outcomes as the second best in the world followed closely after Japan.
The report "Health outcomes and cost: a 166-country comparison" is a comprehensive report of complete evaluation of the efficiency of health-care systems globally with respect to cost and services offered.
The report said that Japan scored well both in terms of life expectancy and the overall health of its population, which can partly be attributed to healthy diets and active lifestyles.
The EIU explained in a press release that Singapore had a generous health-care system as well as high life expectancy, low rates of ill-health and low mortality. The report further stated that the Republic achieved similar outcomes as Japan however, the Japanese health systems were more cost-effective.
South Korea, placed third in the report, achieved comparable outcomes to Japan, but the healthcare spending was found to be just over one-third the amount per head of population, the report said. The report illustrated that there was a high correlation between healthcare spending and health outcomes.
Ms Ana Nicholls, author of the report, said, "Asia has low-cost health-care systems that deliver impressive results, but as outcomes improve and expectations rise, so it gets harder and more expensive to maintain progress."