Asia's new richest person is a Chinese vaccine investor who made $70 billion in 2020

[jamahir]

Like I said before,developing economy.

I don't understand your insistence on this "developing economy first" but I will anyway ask you, at what point will you consider China having been "enough developed" so that Communism can be realized ?

To me, your opinion sounds as Becoming Communist through being Capitalist. That is not how Cuba, Libya, USSR and Venezuela worked.

India has a free healthcare system,but how did it worked?

Oh, India has a complicated healthcare where there is involvement of private health insurance companies, then the recent government program of a ceiling free treatment ( up to half million rupees ) for a percentage of people and that too for only one member of the family, then the high-charging private hospitals where the middle class go and then the so many citizens being blind or with cancers just because they don't have money for the treatment. In short, India has universal healthcare only in words, not in practice.

 

[beijingwalker]

But there was a thread some days ago about Chinese poor unable to afford high-quality medical treatments in China ( it should have been free ) and so coming to India to avail of India's medical tourism industry which these Chinese find relatively cheaper and also I suppose having less queues of patients.

What kind of Socialism is this ?

China has universal healthcare, some rich people go to Indian to get VIP treatment just like many Americans do, many Americans also fly to India every year to get VIP treatment, that's future squeezing India's already constrained medical resources. Hospitals in India is to make money, hospital in China is to provide service, cause most hospitals and all the good hospital are owned by the government in China.

 

[jamahir]

China has universal healthcare, some rich people go to Indian to get VIP treatment just like many Americans do, many Americans also fly to India every year to get VIP treatment, that's future squeezing India's already constrained medical resources. Hospitals in India is to make money, hospital in China is to provide service, cause most hospitals and all the good hospital are owned by the government in China.

I repeat, that earlier thread was about Chinese poor patients coming to India to avail of Indian medical tourism industry. And there was some Chinese member in that thread making fun about these Chinese patients availing of "special services" from Indian nurses.

If all good hospitals in China are owned by the government and if healthcare in China is universal like you said, why are the Chinese poor forced to come to India ?

But yes, I agree that there are private hospitals in India and they are there to make money.

 

[ToddBing]

To me, your opinion sounds as Becoming Communist through being Capitalist. That is not how Cuba, Libya, USSR and Venezuela worked.

And how Cuba, Libya, USSR and Venezuela now?
to me,develop is on the first place. I don't care whether communism or capitalism, In china we have ourown philosophy.
We are on the right way, that's enough.

 

[beijingwalker]

I repeat, that earlier thread was about Chinese poor patients coming to India to avail of Indian medical tourism industry.

Believe me, really poor Chinese can't afford to travel overseas to seek medical help.

 

[ToddBing]

Believe me, really poor Chinese can't afford to travel overseas to seek medical help.

India generic drug is really cheap, and on the way they blame China, are "STOLEN" from other country.

 

[beijingwalker]

If all good hospitals in China are owned by the government and if healthcare in China is universal like you said, why are the Chinese poor forced to come to India ?

World Health Day 2019: Access, quality of care ranks India among lowest globally

World Health Day 2019: Access, quality of care ranks India among lowest globally

India improved its ranking on a global healthcare access and quality (HAQ) index from 153 in 1990 to 145 in 2016, yet ranks lower than Bangladesh & Sudan.

www.firstpost.com

Why China can provide 1.4 billion people with healthcare coverage

 

[ToddBing]

Believe me, really poor Chinese can't afford to travel overseas to seek medical help.

a preliminary probe has suggested that over 70 per cent of important equipment, including infusion pumps, warmers, oxymeters and nebulisers meant for newborns were dysfunctional at the JK Lon Hospital.

 

[beijingwalker]

China Is Striving for the World’s Best, Cheapest Healthcare
Bloomberg
October.21 2019

Less than five years ago, Chinese healthcare was a closed-off, low-quality system where the richest left the country for medicines and treatments, and the poorest took a bad diagnosis as a death sentence. Now, the world’s second largest economy is striving to become a place where patients can get the best, newest drugs and services faster and cheaper than anywhere else.
Pressured by its growing middle class, the Chinese government has set itself an ambitious target: first-world health outcomes at a fraction of the cost that other countries, especially the U.S., pays.
To get there, China has doubled the amount it’s pouring into public hospitals in the last five years to $38 billion. It wants to see a healthcare industry valued at $2.3 trillion by 2030, more than twice its size now.
The cost control part will be much harder. Beijing wants the biggest pharmaceutical companies in the world to bend the knee, lowering their prices drastically in order to get access to its vast patient pool. In new drugs, pharmaceuticals from Pfizer to Roche have agreed to cuts of as much as 70%.
It’s an unprecedented balancing act, and the outcome will affect not just billions of Chinese patients, but the future of the global healthcare industry.

China is already catching-up to the U.S. on some important health metrics, and hopes to surpass their doctor patient ratio.


China is pouring billions into public hospitals and has revamped its drug approval system. Some foreign drugs and medical trials are now approved quicker than in the U.S.

It wants the best drugs and care but it does not want to pay a hefty amount that would stress the country’s medical insurance fund.

To pay for these drugs without busting the national budget, it wants global pharmaceutical companies to drop prices drastically in exchange for access to China’s vast patient pool.

This means Chinese patients are starting to pay much less than American patients for the same drugs.

For generic drugs, prices have dropped an average of 52% so far through a government bulk-buying program.

All this activity has lured a groundswell of venture capital funding to China’s burgeoning biotech start-up space, while the biggest global pharmaceutical firms like Roche and Merck see a growing share of revenue coming from the Asian nation.

But re-making the healthcare system for the world’s most populous country won’t come without challenges. The size of the patient population in China—whether in cancer, rare diseases or simply ageing—is bigger than any other country has faced before.

At stake is not just the well-being of millions of Chinese people, but the future of the global healthcare industry. China has set its sights on creating a holy grail healthcare system that satisfies patients’ needs and control costs while still encouraging cutting-edge research—and the world is watching.

https://www.bloomberg.com/graphics/2019-china-healthcare/

 

[ChinaToday]

I just don’t get the mentality of the op , so what he is a billionaire there are many billionaires in the world but what is that got to do with you or me. There is nothing to be proud of to post a thread of this guy.

 

[TaiShang]

China Is Striving for the World’s Best, Cheapest Healthcare
Bloomberg
October.21 2019

Less than five years ago, Chinese healthcare was a closed-off, low-quality system where the richest left the country for medicines and treatments, and the poorest took a bad diagnosis as a death sentence. Now, the world’s second largest economy is striving to become a place where patients can get the best, newest drugs and services faster and cheaper than anywhere else.
Pressured by its growing middle class, the Chinese government has set itself an ambitious target: first-world health outcomes at a fraction of the cost that other countries, especially the U.S., pays.
To get there, China has doubled the amount it’s pouring into public hospitals in the last five years to $38 billion. It wants to see a healthcare industry valued at $2.3 trillion by 2030, more than twice its size now.
The cost control part will be much harder. Beijing wants the biggest pharmaceutical companies in the world to bend the knee, lowering their prices drastically in order to get access to its vast patient pool. In new drugs, pharmaceuticals from Pfizer to Roche have agreed to cuts of as much as 70%.
It’s an unprecedented balancing act, and the outcome will affect not just billions of Chinese patients, but the future of the global healthcare industry.

China is already catching-up to the U.S. on some important health metrics, and hopes to surpass their doctor patient ratio.


China is pouring billions into public hospitals and has revamped its drug approval system. Some foreign drugs and medical trials are now approved quicker than in the U.S.

It wants the best drugs and care but it does not want to pay a hefty amount that would stress the country’s medical insurance fund.

To pay for these drugs without busting the national budget, it wants global pharmaceutical companies to drop prices drastically in exchange for access to China’s vast patient pool.

This means Chinese patients are starting to pay much less than American patients for the same drugs.

For generic drugs, prices have dropped an average of 52% so far through a government bulk-buying program.

All this activity has lured a groundswell of venture capital funding to China’s burgeoning biotech start-up space, while the biggest global pharmaceutical firms like Roche and Merck see a growing share of revenue coming from the Asian nation.

But re-making the healthcare system for the world’s most populous country won’t come without challenges. The size of the patient population in China—whether in cancer, rare diseases or simply ageing—is bigger than any other country has faced before.

At stake is not just the well-being of millions of Chinese people, but the future of the global healthcare industry. China has set its sights on creating a holy grail healthcare system that satisfies patients’ needs and control costs while still encouraging cutting-edge research—and the world is watching.

https://www.bloomberg.com/graphics/2019-china-healthcare/

China's healthcare system is good as a developing country. It provides universal free care for most of the population.

For instance, COVID vaccination will be free in China.

 

[jamahir]

And how Cuba, Libya, USSR and Venezuela now?

You are talking like the religion-bound right-wingers from India and Pakistan.

As to where Libya is now, why do you forget that in 2011 it was invaded by the air forces, navies and commandos of 30 NATO countries, 6 GCC countries and thousands of terrorists sent by those aforesaid governments ?

As to where Venezuela is now, ever since the leadership of the late Hugo Chavez, the NATO governments, especially through the CIA, have been trying to overthrow the government through sabotage, subversion, attempted assassination and sponsoring anti-government "government-in-exile". Just months ago the security forces caught two American mercenaries who landed by sea and tried to enact a coup. You forget that the Chinese government does aid the Venezuelan government economically.

I don't care whether communism or capitalism, In china we have ourown philosophy.

So you are happy that Jack Ma and the person in this thread's OP can do and obtain what you can't because you don't have the money they have ?

And what is this "own philosophy" ?

Believe me, really poor Chinese can't afford to travel overseas to seek medical help.

Well, that thread OP said "poor people". Maybe they were middle class. But that doesn't cancel the fact that they were unable to afford healthcare in China and thus came to India.

Why China can provide 1.4 billion people with healthcare coverage

Not entirely free healthcare, is it ?

China's healthcare system is good as a developing country. It provides universal free care for most of the population.

According to above vid China does not have universal free healthcare.

For instance, COVID vaccination will be free in China.

@padamchen, what about India ? I mean other than the front-line people like you.

 

[TaiShang]

You are talking like the religion-bound right-wingers from India and Pakistan.

As to where Libya is now, why do you forget that in 2011 it was invaded by the air forces, navies and commandos of 30 NATO countries, 6 GCC countries and thousands of terrorists sent by those aforesaid governments ?

As to where Venezuela is now, ever since the leadership of the late Hugo Chavez, the NATO governments, especially through the CIA, have been trying to overthrow the government through sabotage, subversion, attempted assassination and sponsoring anti-government "government-in-exile". Just months ago the security forces caught two American mercenaries who landed by sea and tried to enact a coup. You forget that the Chinese government does aid the Venezuelan government economically.



So you are happy that Jack Ma and the person in this thread's OP can do and obtain what you can't because you don't have the money they have ?

And what is this "own philosophy" ?



Well, that thread OP said "poor people". Maybe they were middle class. But that doesn't cancel the fact that they were unable to afford healthcare in China and thus came to India.



Not entirely free healthcare, is it ?



According to above vid China does not have universal free healthcare.



@padamchen, what about India ? I mean other than the front-line people.

It has universal coverage and free healthcare for all the populations falling under a certain threshold in income.

Of course, it is not free for high income earners. For instance, if you are a university teacher, you can get basic government healthcare by paying premiums. You can also buy private insurance.

Healthy life expectancy in China is longer than in the US. This indicates fairly good healthcare.

 

[ToddBing]

Not entirely free healthcare, is it ?

According to above vid China does not have universal free healthcare.

We all know India has free healthcare, China don't but has a basic medical insurance system that covers the whole population.

Any by 2019,the average life expectancy of india is 68.7 and China is 76.79, so which system works better?

For me, I'd rather pay a little money to live longer rather to enjoy the "free healthcare" that using cow urine as medicine.

 

[jamahir]

It has universal coverage and free healthcare for all the populations falling under a certain threshold in income.

That is similar to India through Modi's initiative called PM-JAY which is not entirely a well-thought one.

If I am not wrong, a family member from a family that earns below a threshold is treated for free as long as the cost is up to half a million rupees. So it doesn't take care of cases where more than one family member is free and cases which cost more, like cancers and organ transplants which can cost two million rupees and above.

Of course, it is not free for high income earners. For instance, if you are a university teacher, you can get basic government healthcare by paying premiums. You can also buy private insurance.

Same here too. A cousin of mine had a cancer and she is a government school teacher. So I think the government teaching department paid for a lot of her treatment.

Where as in Libya ( and I suppose in Cuba still ) even cancer treatments are paid for entirely by the system. For everyone.

Healthy life expectancy in China is longer than in the US. This indicates fairly good healthcare.

OK.

We all know India has free healthcare. China don't but has a basic medical insurance system that covers the whole population.

Please see my above post to TaiShang about India.

Any by 2019,the average life expectancy of india is 68.7 and China is 76.79, so which system works better?

I suppose it is also the diet and pollution level in India that contributes to that.