Companies / South Korea
Ageing Population Pressures NHIC
November 2006 | Industry NewsIn 2000, the South Korean government implemented a major reform when it transformed the 450 individual health insurance organisations into a single public body, the National Health Insurance Corporation (NHIC). The NHIC is the only public insurer in the country and covers 97% of the population. However, with the country ageing at a relatively rapid rate, the NHIC has accrued a substantial deficit, and BMI expects the government to press ahead with restructuring plans, to the detriment of multinational drugmakers operating in the
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