edutilos-
Senior Member
and have you ever heard of a terminal patient being billed in the millions for just 7 months of treatment?
Just to highlight, sometimes when local photographers print coffee table books for weddings, they also mark up the price from source. Of course not to this extent, but it's being done. How much do you think a bowl of rice in your standard coffee shop costs to produce and cook? Now change that to an expensive restaurant. Rice is still rice, even it is cooked lovingly. Mark-ups are actually a part of daily life; when you want to drill down to the details of how things work in reality, I guess the issue here might be "unrealistic proportions" as you say.
http://www.fiercehealthcare.com/story/most-expensive-hospital-stays-cost-about-18-000-day/2010-10-18
The top 5 percent of hospital stays averaged about $18,000 in charges per day in U.S. hospitals in 2008, according to the AHRQ. Hospitals charges for the most expensive stays tended to be for patients who were getting treated for septicemia, or blood infection, hardening of the arteries and heart attacks.
The average cost for the most expensive patient stays was based on the top 5 percent of stays by cost, or about 2 million inpatient stays. The stays lasted just under three weeks (19 days). The hospitals charged on average $191,984 for those stays.
7 months, assuming in the hospital, taking top 5% of US hospitals, $18,000 x 30 x 7 = 3.78 million USD = ~5 million SGD.
Still a fair cry from 26 million SGD, that's for sure, but just in case you think that healthcare comes cheaply when you ask for the best, then perhaps this will serve to highlight the fact that that's not true.