SEOUL, Sept. 30 (Korea Bizwire) — South Korea’s dementia patient numbers and spending on the condition have soared in recent years amid the rapid aging of the country’s population, data showed Monday. According to the data provided by the Ministry of Health and Welfare to Rep. Kim Kwang-soo, the number of people diagnosed with various [...]
SEOUL, May 26 (Korea Bizwire) — Medical spending for the elderly people covered by South Korea’s state health insurance program surpassed 40 percent of its total medical outlay in 2018, data showed Sunday. The steady rise of medical and healthcare costs for elderly people came as South Korea’s population is rapidly aging, with the portion [...]
SEOUL, May 2 (Korea Bizwire) — South Korea’s medical expenditures have grown at the fastest pace among other major economies over the past decade, a report showed Wednesday. According to the report by the Korea Institute for Health and Social Affairs, medical spending in South Korea jumped by an annual average of 6.8 percent between [...]