Health Care Industry Grows Rapidly in China, India and Mexico

Growing Health Expenditures in China: China is in the process of implementing a broad, national boost to health care availability. Today, nearly 100% of the people in China are covered by some kind insurance (compared to less than one-third of the population in 2003). The OECD put China’s health expenditures per capita, from all sources, at only $894 per capita for 2019. Plunkett Research estimates this number to be in the range of $1,300 for 2023 (about $1.8 trillion in total).

China's national health care coverage system is a mix of public and private initiatives, with the majority of the population relying on public services. The system is managed by the National Health Commission (NHC) and is divided into two parts: the Urban Employee Basic Medical Insurance (UEBMI) and the New Rural Cooperative Medical Scheme (NRCMS). UEBMI covers urban employees and their dependents, while the NRCMS covers rural residents and urban residents not covered by UEBMI. Both programs provide coverage for hospitalization, outpatient care, and prescription drugs, among other services.

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Health Care Industry Grows Rapidly in China, India and Mexico, Business and Industry Trends Analysis

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