Navigation Links
Pacific Prime Clients in China to See Increased Cover as Health Insurance Premiums Continue to Grow
Date:8/19/2013

(PRWEB) August 20, 2013

Pacific Prime clients residing in China are likely to experience an increase in available cover options as health insurance premiums continue to grow. Reports from the first half of this year indicate that premiums have increased by 25.8%, a figure already higher than the total 24.6% growth of last year.

This rapid growth has been mainly due to increased marketing efforts by insurers that are stressing the importance of major illness. While this increase in cover will mostly be beneficial for the population, the government will need to consider several cost issues to ensure stable success.

The Chinese government aims to ensure universal healthcare for its population by 2020 and it has been working on several reforms to achieve this. Where in 2004, only 10% of the population had access to some form of medical coverage, 95% of the population were reported to have coverage in 2011. The cover that many PPI clients in China had access to several years ago was much different than today.

In addition to international insurance companies expanding in the country, a number of government schemes have helped increase coverage for those with little to no income, mainly residing in rural areas.

Despite the positive steps being taken so far, there are still several hurdles to achieving sustainable universal healthcare in China. 80% of China’s hospitals are located in city centers, and the quality of treatment at rural facilities is significantly poorer than those in the cities.

Pacific Prime analysts are curious to see how China will financially adapt to a population that has seen such a sudden increase in health care. Such an increase will likely lead to a higher life expectancy and thus a greater need for quality elderly care.

Raising the level of health care in a country as big as China at such a rapid pace undoubtedly carries a financial risk. Fortunately, with China's substantial economic boom, the government should be able to continue creating effective health care reforms to benefit both the Chinese insurance market and the Chinese population. With the rapid pace at which the Chinese medical insurance landscape is changing, PPI analysts are eager to see how their clients will respond in both the short and long term future.

To read more, visit http://www.pacificprime.com/resources/news/2013/08/15/china-growth-major-illness/.

Read the full story at http://www.prweb.com/releases/health-insurance-premiums/china-major-illness/prweb11038583.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. The Apartments at 2000 Broadway Street, a Top Pacific Heights Apartment Complex, Announces Indoor Pool Opening for Summer
2. Asia-Pacific Leads Advanced Functional Material Market Forecasts 2018 Research Report at ReportsnReports.com
3. Clay Park Tower Apartments, One of San Francisco’s Top Pacific Heights Apartment Complexes, Announces 100% Occupancy
4. Bupa Combines Travel Insurance and Medical Cover in New Option for Pacific Prime Clients
5. Pacific Prime Clients with Aetna Receive Unprecedented Discounts on First Year Insurance Premiums
6. Pacific Prime Clients with HTH/GeoBlue to Capitalise on Rare Phenomenon when they Pay for Medical Insurance
7. Pacific Prime Clients Can Expect Faster Insurance Services with the Launch of Now Health's Intermediaries Online
8. The Apartments at 2000 Broadway Street, a Top Pacific Heights Apartment Complex, Announces Exciting Website Localizations
9. Pacific Prime Working Together with William Russell to Provide Outpatient Direct Billing for Individuals in Dubai
10. IOF 4th Asia-Pacific Osteoporosis Meeting is influential forum for regional bone research
11. Pacific Prime Reports Clients Leaving Singapore to Escape Pollution
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/29/2017)... ... March 29, 2017 , ... ... of Pittsburgh now have easier access to the robotic-assisted total-hip and partial-knee ... Network (AHN). Orthopaedic surgeons at Forbes Hospital and Jefferson Hospital recently started ...
(Date:3/29/2017)... ... 2017 , ... The Wharton School of the University of Pennsylvania is pleased ... a $10 million gift to establish the Ken Moelis and Julie Taffet Moelis ... a Wharton MBA for highly-qualified Penn undergraduates whose academic and career interests expand traditional ...
(Date:3/29/2017)... ... 29, 2017 , ... VisualSP has helped over 1.5 million SharePoint users learn ... on-premises installation of its Help System for SharePoint was at the farm level. Enterprises ... entire tenant. , The company recently released a modified version of the Help ...
(Date:3/28/2017)... ... March 28, 2017 , ... Tuesday, March 28, 2017, is the annual ... the Diabetes Risk Test to find out if they are at risk for developing ... light up the evening sky by programming the LAX pylons the color red. Downtown’s ...
(Date:3/28/2017)... ... March 28, 2017 , ... ... first technology to directly address the resolution to globally reduce the harmful use ... patented compound of FDA and TTB approved ingredients that when infused into alcohol, ...
Breaking Medicine News(10 mins):
(Date:3/29/2017)... 29, 2017  Maxor National Pharmacy Services, LLC ("Maxor"), ... has named Leah Bailey as General Counsel.  Bailey ... the company. With more than 13 years ... years focused on health care, Bailey joins the Maxor ... Prime, Bailey advised the PBM, Specialty, and Mail Order ...
(Date:3/29/2017)... 29, 2017 Varian Medical Systems (NYSE: ... the second quarter of fiscal year 2017 following the close ... release will be followed by a teleconference available to all ... a link to the conference call webcast will be available ... the teleconference call and replay: ...
(Date:3/29/2017)...  Spiral Therapeutics, Inc. today announced the signature ... for the worldwide exclusive rights to Bionure,s lead ... of otolaryngology for aggregate payments of up to ... provides Spiral with the option to license two ... Under the terms of the agreement, Spiral will ...
Breaking Medicine Technology: