<P> Healthcare in China consists of both public and private medical institutions and insurance programs . About 95 % of the population has at least basic health insurance coverage . Despite this , public health insurance generally only covers about half of medical costs , with the proportion lower for serious or chronic illnesses . Under the `` Healthy China 2020 '' initiative , China is currently undertaking an effort to cut healthcare costs , and the government requires that insurance will cover 70 % of costs by 2017 . The Chinese government is working on providing affordable basic healthcare to all residents by 2020 . China has also become a major market for health - related multinational companies . Companies such as AstraZeneca , GlaxoSmithKline , Eli Lilly , and Merck entered the Chinese market and have experienced explosive growth . China has also become a growing hub for health care research and development . </P>
<P> Healthcare in China consists of both public and private medical institutions and insurance programs . About 95 % of the population has at least basic health insurance coverage . Despite this , public health insurance generally only covers about half of medical costs , with the proportion lower for serious or chronic illnesses . Under the `` Healthy China 2020 '' initiative , China is currently undertaking an effort to cut healthcare costs , and the government requires that insurance will cover 70 % of costs by 2017 . The Chinese government is working on providing affordable basic healthcare to all residents by 2020 . China has also become a major market for health - related multinational companies . Companies such as AstraZeneca , GlaxoSmithKline , Eli Lilly , and Merck entered the Chinese market and have experienced explosive growth . China has also become a growing hub for health care research and development . </P>
what type of healthcare system does china have
what type of healthcare system does china have
both public and private
both public and private