Friday, January 27, 2023

China’s Covid wave drives up consumer interest in insurance after health system shortfalls

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  • Chinese consumers prioritize their health, especially insurance, much more after the pandemic, an Oliver Wyman survey found.
  • December’s Covid wave revealed the gap between China’s public health system and the country’s global economic heft as second only to the U.S.
  • Extreme pressure on public hospitals — including lack of capacity — drove many new patients for Covid and non-Covid care to facilities operated by United Family Healthcare in China, said CEO and founder Roberta Lipson.

Households in China also pay for a higher share of their health care — 35.2% versus 11.3% for Americans, World Bank data showed.

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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: CNBC

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