China to spend USD1.5b on hospital reform in 2016

 08-Oct-15, Channel News Asia 

China will spend 9.8 billion yuan (US$1.54 billion) to subsidise public hospital reform next year, the Ministry of Finance said in a statement on Thursday, as the country looks to overhaul its creaking national healthcare system.

Image: AFP / Ed Jones

China's government, which has been struggling with overcrowded city hospitals, simmering tension between patients and doctors, and widespread bribery in the sector, will spend 11.1 billion yuan to subsidise the reform process in 2015.

The country's much-hyped healthcare reform drive is facing a number of obstacles, including a perceived lack of support from central government and challenges of private firms working within the huge, fragmented public sector.

For more on China's healthcare reforms, read the Global Growth Markets whitepaper, "Reforming the Dragon - China Healthcare Market Opportunities"

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 Elsevier APAC Healthcare Update