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

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

Jan 26, 2023 by CNBC

Key Facts

  • 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 founder Roberta Lipson.
  • “Growth in awareness of the importance of assured access to health care, as well as UFH as an alternative provider, is driving increased demand for our services from patients that can afford self-pay care,” she said.
  • HEALTH INSURANCE Most of the 1.4 billion people in China have what’s called social health insurance, which provides access to public hospitals and reimbursement for medicine included in a state-approved list.
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