January 22, 2009

Beijing Passes Universal Health Care

The Beijing government's all-powerful State Council passed a plan to bring basic medical coverage to all Chinese citizens as a national goal. The plan will spend 850 billion Yuan (just under $125 billion US dollars) by 2011 to provide basic medical insurance to at least 90% of the population, cover all approved prescription drugs, reform public hospitals (a reference to cracking down on the rampant corruption and bribery in Chinese medicine?), and other measures detailed in the link above.
China is a major market for exports of US made medical equipment so new opportunities should increase...

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