Fascinating article on Chinese health care
I've been in a Jim Jubak kick lately. While I don't always agree with what he has to say, he's a prolific poster on his new blog and he comes up with some interesting stuff. He made a fascinating post on health care in China yesterday.
The link that he provided to an article by a person who describes the care that they received when they had surgery there and how the system works alone is worth the price of admission.
I don't have a lot of time to describe the article this morning, but trust me it is definitely worth a read.
The announcement by the Chinese government earlier this year that it will to spend $124 billion by 2011 to provide some form of health insurance to 90% of the country's population seems something that one might be able to make a profit from, not only by playing things like Chinese companies in the sector but by thinking about the implications of what would happen if the Chinese actually felt better about their country's system and started spending some of the 40% of their income that they currently save.
Health care reform is an even bigger deal in China–and it will change the way to invest in that country