I saw an article on Wall Street Journal today regarding Beijing’s attempt to overhaul health care. It seems like the issue of health care is emerging rapidly as citizens grow old across the global. This is definitely an issue that will surface in the next few years.
Here is the excerpt:
Hospitals are pressed to operate as for-profit businesses and push drugs and tests in order to boost their income, critics say.
In an effort to rein in costs, the government is working to strengthen its control over drug production and distribution to limit the ability of hospitals and doctors to earn money from drug sales and force them to rely upon fees for medical services
a friend of mine works as a sales person for drug companies and the amount of money he makes is ridiculous. He often shower hospital members with luxury gifts that are unheard of in other industries. The for-profit model will definitely have to go if healthcare reforms are to be successful.