China eyes healthcare payment shake-up to trim costs

 29-Jun-17, Channel News Asia 

China will push to diversify how it pays the healthcare costs for its nearly 1.4 billion people in a bid to stem "irrational growth" of medical costs.

Image: Kim Kyung-Hoon / Reuters

The Ministry of Finance it would develop and trial payment methods including those that set fees according to initial patient diagnoses, standard fees linked to set diseases, as well as per capita or bed-linked fees.

China has been cracking down on high drug prices, looking to expand the role of private insurers and reforming funding structures for hospitals amid a broader drive to trim a healthcare bill expected to hit USD1 trillion by 2020.

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