China's Covid wave drives up consumer interest in insurance after health system shortfalls

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China's Covid wave drives up consumer interest in insurance after health system shortfalls
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More than 60% of non-policyholders now plan to buy health insurance, according to an Oliver Wyman survey of Chinese consumers in December.

comes from managed care — often company-subsidized plans that have a network of health providers — and other insurers. Most of HCA's other revenue comes from government-related Medicare and Medicaid health insurance plans.

"Having observed the course that pandemic surges took in other countries, and because our patients are private pay, we were able to order sufficient supplies of medication, PPE etc, as we began to see the numbers of Covid cases grow in China," she said. The health care payment system doesn't have a direct impact on China's hospitals, because most are directly under government oversight, said George Jiang, consulting director at Frost&Sullivan.

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