The Largest Czech health insurer, state-controlled General Health Insurance (VZP), says it is spending all income as soon as it is received and its reserves would not cover even two days of operation: as a result, the insurer says it may Continue Reading
Read More »
Average health insurance costs, all types of corporate plans, in 2011: $9,972.00
That is per person.
China now has more than 500 million Internet users.
This puts to rest discussions as to largest web market for marketers or any sort, including healthcare. Continue ReadingRead More »
Venezuela “…find ways of tackling soaring healthcare costs.”
Private clinics in Venezuela have agreed to government requests to temporarily freeze their fees to give officials time to find ways of tackling soaring healthcare costs.
Venezuela is facing annual inflation of some 25% – the region’s highest rate.
Link to the article:
This article was listed in the22 August, 2011 PHM Emerging Markets Healthcare News Feed.
Oh, we do hope Venezuelan officials let the rest of the world know when they “…find ways of tackling soaring healthcare costs.”
All kidding aside, there are well documented long term trends of healthcare following the CPI by 2 points, worldwide, for a very long time now.
And this is a great example of what the private healthcare sector will likely face over the years to come in various countries. The sector is an easy populist target and needs to recognize this fact from a strategic planning perspective.
Outreach and lobbying will become more important over the next 10+ years…..HKRead More »
Spain, Pharmaceuticals and Eastern Europe:
Due to financial crisis and austerity measures, more than €5 bln is owed to pharmacy and pharmaceutical companies in Spain.
Last month, the European Central Bank (ECB) started buying sovereign bonds of Spain (and Italy).
This is an early example of the financial crisis’s impact on healthcare as mentioned in Hank Kearny’s speech at the IFC’s Private Health Conference 2011. Continue ReadingRead More »
Boston Scientific’s investment in China will include establishing a local, wholly owned manufacturing center and a training center offering instruction on medical device procedures using therapy-oriented education and virtual learning. The company also expects its investment will increase its Chinese employee base from about 200 people to Continue ReadingRead More »
GlaxoSmithKline saw a drop in sales of their pandemic products last year. Umm. A one-off decline or endemic of global challenges?
Our take is that countries are cutting spending today, for unknown challenges tomorrow. We’ve also heard the drop off was due to GSK’s H1N1 virus product line and the WHO declaring that pandemic at an end.
But subscribers know, pandemics rank as one of our Top 10 Plus One Global Health Trends. Continue ReadingRead More »
The Association of Regions of the Czech Republic (AKC) wants to establish regional health insurance companies.
In this way, the AKC wants to ensure equal financing of health facilities irrespective of whether they are administered by the state, regional or local authorities. Continue ReadingRead More »
Q1 2011 annualized economic growth of 11%. And it seems healthcare players outside of Greece have finally taken notice, Mid Europe included. Continue ReadingRead More »
A newly-revamped audit of medicine sales in the country shows that drugs are selling faster in hospitals than in chemist shops suggesting that hospitals are gaining in importance as customers of pharmaceutical companies.
The revamped audit brings to light the fact that “these days people go straight to specialists in hospitals,” said Sameer Continue ReadingRead More »
Saudi doctors constitute only 15 percent of the total number of doctors working in the Kingdom estimated at 80,000.
The King Saud University of Health Sciences is striving to produce more doctors and nurses required by the country. It produces 17,000 graduates annually. Continue ReadingRead More »