News Life and Health30 May 2019

South Korea:Medical expense ratio pushed up by ageing population

30 May 2019

South Korea's medical and healthcare expenses-to-GDP ratio, which had been 4% in 2000 and 4.9% in 2005, increased from 6.2% in 2010 to 7.6% in 2017 due to rapid aging of the population, the Korea Insurance Research Institute said in a recent report.

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