Niko Karvounis has written a terrific summary of the evolution of the Chinese health care system over at The Century Foundation’s blog.
Of particular interest is this – health care inflation in China is in the 16% range, a full seven points higher than GDP growth. This inflation is primarily driven by physicians overprescribing drugs and imaging – the only two types of care that they can price high enough to generate a profit.
Yes, communist physicians are making money the old-fashioned way, by over-utilizing.
Apr
11
“thanks to a decades-long bout of capitalism-gone-wild”
Indeed.
If only that scourge of civilization could be eliminated. Then we’d all be wealthy, handsome, above average – and without disease.
Terrific summary.