Nicholas M. Prescott
Published: 1997-01-01
Total Pages: 104
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China is in the throes of two transitions: from a command economy to a market-based one and from a rural, agricultural society to an urban, industrial one. So far, both transitions have been spectacularly successful. China is the fastest-growing economy in the world, with per capita incomes more than quadrupling since 1978, achieving in two generations what took other countries centuries. Although swift growth and structural change have resolved many problems, they also have created new challenges: employment insecurity, growing inequality, stubborn poverty, mounting environmental pressures, rising costs of food self-sufficiency, and periods of macroeconomic instability stemming from incomplete reforms. Unmet, these challenges could undermine the sustainability of growth, and China's promise could fade. China 2020, a seven-volume set, examines China's recent history, where it is today, and the path it should follow during the first two decades of the 21st century. The volume in the set entitled, Financing Health Care: Issues and Options for China assesses the state of health care in China and addresses the problems facing the sector in terms of financial access to health care, efficiency, and total cost. Although the health sector is in relatively good condition today, this study asserts the need to promptly make policy changes to ensure universal health care coverage by either the public or the private sector over the next two decades. Chapters focus on the effects of reduced public health spending on rural populations, the likely increase in health costs as the population ages, the harmful effects of tobacco use, and fee-for-service provider systems.
