China to curb rapidly rising medical expenses

Image
IANS Beijing
Last Updated : Nov 07 2015 | 1:02 PM IST

China has issued guidelines for curbing rapidly rising medical expenditures in the country's public hospital system, the media reported on Saturday.

According to the National Health and Family Planning Commission (NHFPC), the guideline issued on Friday urged local authorities to closely monitor the rise of medical costs at public hospitals in their jurisdiction, particularly the cost of medicine, medical consumables and large-scale medical examinations, and to publicise the surveillance results regularly, China.org reported.

The guidance also set a two-phase target that by 2016 the rise of expenses will slow, and by the end of 2017 insured patients will see the share of out-of-pocket spending in their total medical bill decreasing gradually.

The NHFPC said it is time the country put forward a national level guidance on medical expense control so as to relieve financial burdens of the public and ensure the sustainable use of the medical insurance fund.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 07 2015 | 12:52 PM IST

Next Story