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Catastrophic Medical Expenses Rise for Second Year in South Korea, Disproportionately Affecting Low-Income Households

Catastrophic Medical Expenses Rise for Second Year in South Korea, Disproportionately Affecting Low-Income Households

SEOUL, June 23 (Korea Bizwire) — The share of South Korean households burdened by catastrophic medical expenses—those that exceed 40 percent of a household’s ability to pay—rose for the second consecutive year, according to new government data, highlighting widening healthcare inequality despite improvements in overall access to treatment. A joint report released Saturday by the Korea [...]

Revised Veterinarian Act to Prevent Overcharging

Revised Veterinarian Act to Prevent Overcharging

SEOUL, Jan. 4 (Korea Bizwire) — The Ministry of Agriculture, Food and Rural Affairs has announced that a revised Veterinarian Act was promulgated with a focus on obligating veterinarians to inform customers about expected expenses for medical treatment and surgical procedures. Thus far, veterinarians were allowed to charge medical expenses arbitrarily, and it was difficult [...]

Moon Introduces New, Improved Health Care to Lessen Medical Expenses

Moon Introduces New, Improved Health Care to Lessen Medical Expenses

SEOUL, Aug. 9 (Korea Bizwire) — President Moon Jae-in on Wednesday introduced a government move to significantly reform the state-run health care program that will greatly reduce the medical expenses of patients, especially those in the low-income bracket, while providing new and enhanced benefits. At the same time, the president vowed to keep the rise [...]