Healthcare & Lifescience Talking Points | 24/03/2017

In today’s talking points: Do you have Australian Private Health Care? Rise leads millions to question cover; China’s imported drugs get an increase to access market; 300 disease pathogens in 72 hours: new disease communication technology; Beijing makes bold moves to improve its healthcare system. 

Do You Have Australian Private Health Care? Rise leads Millions to Question Cover.

As of April 1,rising annual rates are set to knock on the door of private health members. AMA president Dr Michael Gannon, informs that people’s annual income is being surpassed by rate rises, which economist feel will be a growing trend spreading out from Sydney. With reports of 2 million Australians decreasing or deserting their private health cover, health funds are issuing benefits to entice healthy people. For the system to work, Dr Gannon exposes that healthy people paying their annual fee are less likely to claim the excessive surgeries and costly procedures as opposed to majority being chronically diseased. Are you paying for cover you don’t need? Lauren Crowden from iSelect urges customers to review your insurance and adapt what premium benefits apply as your needs change.

Read more at startsat60 

China’s imported drugs get an increase to market access

According to the China Food and Drug Administration, aid has been provided to speed up the lack of availability in the medicine market for approved imported drugs. Striking as a major alter in China’s Health system high costs and lack of access have force patients to seek cheaper medicines in risky markets. In a critical response to assist public demand for more current drugs, imports will now be allowed to apply directly for authorisation as opposed to once completing up to four years of reviews and clinical trials.

Read more at  South China Morning Post

300 disease pathogens in 72 hours: New disease communication Technology

The Disease prevention system was originally launched in 2008 confirms China’s Ministry of Science and Technology, which is capable of detecting and diagnosing 300 pathogens in 72 hours. This significant progress according to Xu Jianguo, an academician with China Academy of Engineering and Chen Chuanhong Ministry official aims at prevention and treatment of diseases such as AIDS, hepatitis along with major epidemics like Zika fever – This disease detection system technology is one to keep an eye on.

Read more at China Daily

Beijing makes bold moves to improve its healthcare system

Beijing has recently created reforms to end mark up prices for drugs and adjust prices of 435 medical services. Commencing on April 8th, an end to mark up prices along with registration and treatment fees will be replaced with a medical service fee. While drugs prices are marked up as much as 15 percent, this practice will soon be banned in 3,600 hospitals and medical institutions. Currently a lack of government funding has led to public hospitals depending heavily on this, as well as expensive fees for examinations, and over-prescriptIon from doctors. This reform will ensure that both community hospitals and high level hospitals will have access to the same medicines and patients will have more choices, further aligning with the country’s national goal of creating a ‘healthy China.’

Read more at Xinhua