SEOUL, June 8 (Korea Bizwire) – Two in five South Korean households still believe that they’re spending too much on medical bills Despite the national health insurance’s wider coverage, a local report showed Tuesday. The Korea Institute for Health and Social Affairs analyzed the 2019 Korea Health Panel Survey conducted on 6,689 households (14,741 people), of [...]
SEOUL, Oct. 16 (Korea Bizwire) — Experts are calling for the establishment of a pricing standard for medical bills at veterinary clinics to relieve the financial burden for pet owners. Lee Hye-jin, a researcher at the Gyeongnam Institute, pointed out in an internal policy flier that there are “no unified standards or regulations surrounding medical [...]
SEOUL, Dec. 6 (Korea Bizwire) — Despite South Korea’s national health insurance plan, 8 out of 10 citizens also subscribe to private health insurance policies. Because public insurance only covers up to 60 percent of medical bills, analysts say that people are looking to private insurance policies to help offset the medical costs that they [...]
SEOUL, Aug. 22 (Korea Bizwire) — According to a recent survey, the hospital bills of elderly patients amount to an average of 32 million won, half of which is being paid for by their children. Samsung Life Insurance Co. announced that its research center on retirement surveyed 400 people in June by carrying out interviews [...]