Shanghai 038Old people’s home in Shanghai

The reform of the health care is one of the core changes China is going through. Janet Carmosky summerizes her insight on the health care system for Forbes, as a preparation for an upcoming conference on the subject in June. Current price tag: USD 173 bn.

Health care reform in China has to reflect a sea change in demographics and social structure. For thousands of years, until the start of the one-child policy in 1979, the glue in China’s health care was a clan system where healthy and strong family members took care of the sick, the young, and the elderly. Increasingly, China’s workforce is made up of people without siblings. They have rising income but the responsibility of taking care of themselves, their aging parents, and a child of their own. The health care implications are numerous…
Why should American business pay attention? In general, it’s a good time for companies with experience in healthcare finance, IT and informatics; drug and device design and marketing; and healthcare facilities design, marketing, and management to look for an opening in China.

More in Forbes.

Janet Carmosky is a speaker at the China Speakers Bureau. Do you need her at your meeting or conference? Do get in touch.

Janet_-_023Image by Fantake via Flickr
Janet Carmosky
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