Week 6 —— Biomedical Science

"A society grows great when old men plant trees whose 
shade they know they shall never sit in. "

- Greek Proverb -

 

This is the quotation from this week's reading. What I understand about this quotation is for countries, especially for developing countries, it is necessary to have the basic public health care infrastructure and services. So that in the future, their populations can have better health care. Prof says this quotation means what they are doing now is not for their own uses, but for future uses. I think this week's topic is very important, biomedical science changes will directly influence people's healthy problems.

It is very shock when I know that market size of bio-business in Singapore is only 4-5%. Prof says this is because of the young generation, Singapore do not have a lot of elderly. But I read from newspaper that the current social problem Singapore faced is elderly problem. The reason for this problem is because of Singapore lack of bio-business market. In contrast, market size of bio-business in US is 52%. Singapore now are trying to catch up with other ountries regarding bio-business. What I wish we discussed more: I want to have a discussion about the Healthcare Industry in Singapore. It is because I feel that the Healthcare industry is something the government should prioritize ecause of the extent to which it seeps into our lives. I think it would be good if ountries are able to recognise the significance of the healthcare industry and now what can be done to improve. Hence, I also want to discuss about what trategies can be used by government to improve health care industry?

Beyond this, the key take away messages is I feel that this is an issue that eeds to be paid attention to because Healthcare is a very basic and ecessary part of our lives and something that can have such profound impact on us. Should the amount of money spent on healthcare not translate into quality or the spread of healthcare, then what is the money spent on when the
most fundamental objective is not met? We discussed that a large amount of money could be used up for reasons such as regulation, oversight and control. While this is ‘legitimate’ in the sense that the money is used for legally accepted reasons, I feel that it should not be the case that this is depriving people who very much need the money for treatment.

From the recommended readings, I get some interesting points: There is a global healthcare trend in recent years, and growing opportunities for innovative healthcare-related products, services and technology platforms. The application of modern approaches and technologies brings the potential to radically transform public health and healthcare for those who cannot now afford such care, while enabling unprecedented levels of care for those who can. We stand at the threshold of an exciting new era in healthcare. Innovators and entrepreneurs who come up with newer and better ways of providing care are likely to benefit substantially – and they stand to make a real and very substantial difference in the lives of millions.

Overall, I will give 8.5/10 for today’s session.