Insurance news from China shows funds facing strain

china insurance industry

The aging population in the country is starting to make medical coverage more expensive. The latest insurance news out of China has shown that the health coverage fund in Beijing is starting to experience considerable pressure as the population ages. People are living longer, which means that chronic diseases and medical care needs are growing. The older the population gets, the higher the frequency of chronic diseases. These are increasing the demand for medical services in the city, which means that Beijing’s insurance news is growing in its expenses. According…

Read More

Health insurance coverage now available for orphans in China

China Health Insurance agents

A Chinese state media report has announced that almost 30,000 children are now on a limited plan. A recent report from a media report in China has revealed that nearly 30,000 orphans now have health insurance coverage for the treatment of a dozen different critical diseases. These children come from a number of provinces and will how have some medical protection. The Chinese orphans affected by this new health insurance plan are located in the provinces of Hainan, Fujian, and Liaoning, in addition to the autonomous regions of Ningxia Hui…

Read More

India’s RSBY program taking advantage of consumers

India life insurance

RSBY program subject to World Health Organization study India may be home to a robust health insurance market, but its consumers may be falling victim to exploitation, according to a new study sponsored by the World Health Organization. The study focuses on the Rashtriya Swasthya Bima Yojana (RSBY) program, which is a health insurance initiative sponsored by the Indian government. The RSBY program is designed to provide poor citizens with access to health insurance policies that are affordable, yet comprehensive. Consumers may actually be paying much more for this insurance…

Read More

American consumers want experimental drugs covered by insurance

Insurance for Experimental procedures

Scientists from the School of Public Health at Harvard have recently asked Americans, as well as people in Italy, the U.K., and Germany, if they felt that decreasing the overall cost of healthcare was worth eliminating expensive experimental treatments. The results of this survey indicated that among Americans, 62 percent were opposed to “decisions by the government or health insurance plans” for denying care if they should decide that the cost are not justified by the benefits that the care provides. Each country’s participants in the survey provided comparable results.…

Read More

South Africa advances with national health insurance plan, will begin testing next year

South Africa is inching forward with a new national health insurance plan that seeks to provide coverage to all the nation’s citizens. Health Minister Aaron Motsoaledi says that the project is well on its way to being the largest health care revolution the country has ever seen. The national health insurance plan has been in the works for several years now. Government officials believe that the plan will usher in a new era of health care and improve the nation’s health systems. Minister Motsoaledi told reporters Thursday that the government…

Read More