medical costs Archives | Be Korea-savvy
Majority of S. Koreans Have Private Health Insurance

Majority of S. Koreans Have Private Health Insurance

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 [...]

S. Korea’s Household Medical Costs Higher than OECD Median

S. Korea’s Household Medical Costs Higher than OECD Median

SEOUL, Nov. 23 (Korea Bizwire) — South Korean households’ medical expenses are much higher than the average for members of the Organization for Economic Cooperation and Development despite a continued downturn, data showed Friday. Households’ expenditures accounted for 33.3 percent of South Korea’s total medical expenses in 2016, according to the data from the Korea [...]