Thursday, May 14, 2009

The Financial Times has an article recently reporting that the high savings rate of Chinese is due to their anticipating having to pay, and often upfront, their health care bills with very limited government or other assistance. It looks like an important innovation in the Chinese market would be laws implementing the possibilities of health insurance. Catastrophic insurance would seem to be of obvious personal, social, and, even, economic benefit as it might free up capital.

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