Industry eyes China’s ‘failed’ health care reform – Matt Young

From Asia Times:

An arm of the Chinese government made an unexpected announcement recently: it openly admitted that health-care reform in China has failed.

In a report by the Development Research Center of the State Council, the authors wrote that “generally speaking, the reform [has been] unsuccessful”, citing wasted resources and a decreasing number of clinical medical organizations, even as the population increases.

But while the government’s attempts to reform the system may have failed, the health-care market in China is growing successfully. After all, if the system is broken, it needs fixing, and private industry is willing to oblige as long as there’s a scent of profit in the air.

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