Biotech Values

[DewDiligence]

Re: China’s healthcare insurance

http://in.reuters.com/article/2015/08/02/us-china-healthcare-idINKCN0Q701D20150802

China will expand medical insurance to cover all critical illnesses for all urban and rural residents by the end of the year, the cabinet said on Sunday, the latest step in a plan to fix a healthcare system that has sparked public discontent.

The State Council said 50 percent of the medical costs will be covered by insurance in a bid to "more effectively reduce the burden of medical expenses", in a statement posted on the government's website

…China's healthcare spending is set to hit $1 trillion by 2020, up from $357 billion in 2011, according to McKinsey & Co…

See the chart in #msg-113782571 for related info.