Private health insurance to flourish in China
25-Aug-16, South China Morning Post
As incomes rise, many mainland residents are seeking out better quality care than that provided by public hospitals. They want easier ways to book appointments, shorter waits and greater individual attention from doctors.
%20South%20China%20Morning%20Post.jpg "Private health insurance to flourish in China (c) South China Morning Post")
Image: South China Morning Post
The demand is expected to drive the market to RMB1.1 tn (USD165 bn) in 2020 from RMB241 bn (USD36 bn) last year.
The fastest growth segment would be in private reimbursement insurance. A survey found wealthy consumers were willing to pay between RMB30,000 (USD4,500) and RMB60,000 (USD9,000) for a reimbursement policy covering a family of three.