China Commercial Health Insurance Opportunities
Commercial health insurance (CHI) has an increasingly important role to play in China’s healthcare security system. City CHI has been the latest wave taking off across more than 100 major cities, offering new opportunities for innovative therapies to accelerate access and improve affordability. Pharma majors would benefit from a holistic view and forward thinking to assess how CHI fits with their China strategies and plan ahead.
Shanghai launched its city CHI in May 2021, and within two months enrolled over seven million subscribers, or 37 percent of the city’s population.
Shanghai was not the first one to launch its city CHI. In fact, it was a late mover after over 100 cities launched their own versions. There are certain advantages to being late to the party though, as there is an opportunity to learn from the successes and lessons of others, and optimize design and rollout toward maximal impact.
