China's Covid wave drives up consumer interest in insurance after health system shortfalls
Publishing timestamp: 2023-01-25 20:58:42
Summary
A survey by Oliver Wyman found that Chinese consumers prioritize their health, especially insurance, much more after the pandemic. The pressure on public hospitals due to lack of capacity drove many new patients to facilities operated by United Family Healthcare in China. The survey found that people in their late 20s or older prioritize health, sports and wellness, and 47% said they intend to spend more on health insurance. The Chinese government has dedicated resources to developing the public health system, but there are still barriers to improving it. Companies such as Ping An, PICC, AIA, HCA Healthcare, United Family Healthcare, TPG, New Frontier Health, GenBioPro, Moderna, Omicron, and Pfizer are involved in the health insurance industry in China.
Sentiment: POSITIVE
Tickers: 1299-HK, HCA, 1318-SZ, 2318-HK, 2328-HK,
Keywords: picc property and casualty co ltd, hca holdings inc, market insider, business news, markets, stock markets, health care industry, health insurance, aia group ltd, ping an insurance group co of china ltd,