U.S VS. CHINA HEALTHCARE

U.S vs. China healthcare

U.S vs. China healthcare

Introduction

Since healthcare has been a top priority for all individuals residing and living in a particular economy, healthcare undoubtedly comes with a high price. The United States has many advantages to offer the new, but a stable system of affordable health services is not one of them. The crisis in health services sentence may be too soft. Costs soar, the trial proliferating. Special interest groups such as compound the problems. Racism, poverty, drug abuse and AIDS are issues worse. The significant portions of the box people can no longer attain adequate health insurance.

Discussion

The goal of the healthcare plan is to provide health insurance to most of the Americans and to reduce the costs of health care. The estimated cost of the healthcare plan is 940 billion dollar for 10 years. This reform would help reduce the budget deficit by 138 billion dollars. Special federal service will be called upon to deal with unjustified increase insurance premiums, and other illegal practices of private companies, such as failure to enter into insurance contracts with an already sick person.

China's health care

As China benefits from decades of economic reform, a major area that is still developing is the nation's health system. For much of the last century, China's emphasis has been on providing a relatively universal healthcare system, targeting very public campaigns and state provided “cradle to grave” support. While market reforms since 1978 have been propelled much of the country's economy into 21st century, progress in healthcare provision has slowed. In many respects, access to medical support, particularly in rural areas has declined. Increasing costs have been met by the end-user or through voluntary insurance schemes.

Chinese Healthcare Reform

An important element of China's 12th Five Year Plan is reforming the country's healthcare system. With the objective of establishing basic healthcare coverage for 90 percent of its citizens by 2020, China's healthcare reform, along with other elements of the 12th Five Year Plan, creates immediate opportunities for U.S. medical device manufacturers (MDMs). While China is more than capable of meeting local demand for low-end devices such as dressings, sponges, drapes and gowns, more than 80 percent of high-end medical devices, i.e. durable goods, equipment, implants and drug eluding stents, are imported. However, China's healthcare reform plan also has the potential to strengthen the position of Chinese MDMs. To protect their position in the end, U.S. companies must develop strategies designed to capitalize on the opportunities and navigate the challenges of this increasingly important and competitive market.

U.S Health Care System

U.S government has ambitious plans to achieve equal access to public healthcare for all its citizens by 2020. Those that wish to pay more for a more personalized service can still opt for private sector coverage, but public-backed medical insurance will once again offer 'cradle to grave' support. This will not only mean a decade of change throughout the public and private healthcare institutions, but healthcare's supporting industries, from pharmaceutical to equipment manufacturers, are also set ...