SEOUL, Dec. 30 (Korea Bizwire) — The vast majority of visitors to vet clinics feel uncomfortable with the exorbitant cost of medical treatment as well as overtreatment, a consumer advocacy group said Tuesday. The Consumer Union of Korea conducted a survey of 1,000 consumers with prior experience of visiting a vet clinics, 80.7 percent of [...]
SEOUL, Nov. 6 (Korea Bizwire) — Elderly South Koreans’ medical spending covered by the state health insurance program exceeded the 30-trillion-won (US$25.9 billion) mark to reach a record high in 2018, data showed Wednesday. Medical expenses for people aged 65 and older came to an all-time high of 31.8 trillion won last year, according to [...]
SEOUL, Oct. 2 (Korea Bizwire) — With an increased number of smartphone users, medical expenses for four major smartphone-related ailments – text neck syndrome, dry eye, insomnia and carpal tunnel syndrome – have surged. According to data submitted by Rep. Kim Kwang-soo of the minor opposition Party for Democracy and Peace from the Health Insurance [...]
SEOUL, Oct. 2 (Korea Bizwire) — Pregnant women with disabilities bear a higher cost to deliver their children than those without disabilities. Rep. Jin Sun-mee of the ruling Democratic Party reported that a pregnant women with disabilities spent an average of 1.9 million won (US$1,600) for medical treatment, which is more than the cost borne [...]
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, 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 [...]