China’s healthcare system Quick Facts: I. Healthcare System i. A 2005 initiative to overhaul the old socialist system of healthcare, called the New Rural Cooperative Medical Care System, is the new form of healthcare in China ii. Annual cost of system: 50 Yuan, or RMB, or ¥ (US$7) i. ¥20 paid by central government ii. ¥20 paid by provincial government iii. ¥10 paid by patient iii. Tiered billing system: i. In a small town, rural, 70-80% of bill is covered ii. In a county clinic, provincial…
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