public health insurance generally only covers about half of medical costs, with the proportion lower for serious or chronic illnesses.
China’s commercial health insurance is also proliferating. In 2020, the country’s commercial health insurance premium income amounted to 817.3 billion yuan, with an average annual growth rate of 20%.
As of 2022, enrollment in China’s nationwide healthcare system is almost universal. However, these plans generally provide low levels of benefits.
It sounds somewhere between Germany and the US with Germany already being for-profit friendly for European standards. I.e. forget about “to each according to their needs”.
How is their healthcare system? I know it’s very privatised, but not much about the public sector.
Healthcare in China:
It sounds somewhere between Germany and the US with Germany already being for-profit friendly for European standards. I.e. forget about “to each according to their needs”.