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Insurance riders that cover nearly all private hospital bills have created a situation where patients go for tests they may not need, insurers lose money and premiums spiral upward. Health Minister Ong Ye Kung tells Steven Chia how the government is looking into setting benchmarks for private hospital charges - similar to what has been done for surgeon fees. 01:01 The "knot" in Singapore's healthcare system 03:29 How generous riders have distorted the market 06:13 Who tied the bell on the tiger? 08:15 Working towards lower premiums 09:56 Rider costs shift pressure to public hospitals 11:44 Healthcare costs rising for the nation 16:35 Is absolute peace of mind worth it? 17:13 Benchmarking private hospital charges 26:18 Do young Singaporeans need riders? Subscribe to our channel here: https://cna.asia/youtubesub Visit our website: https://cna.asia Download our app: https://cna.asia/app Get our editors' picks of stories via chat apps: Telegram: https://cna.asia/telegram WhatsApp: https://cna.asia/whatsapp Follow us on these platforms: / channelnewsasia / channelnewsasia / channelnewsasia