First-Ever Full Coverage Health Insurance for China

Excerpt from our Wall Street Breakfast, a one-page summary of this morning's key market-moving and stock-moving stories:
Chindex, FESCO Offer Health Insurance to Chinese [Reuters]

Summary: Chindex International, an American health care provider with hospitals and clinics in China, will offer full-coverage health insurance along with FESCO IB Insurance Brokerage to Chinese nationals. This is the first such service in China. Explains Chindex's president Roberta Lipson: "Until now there have been no health insurance products available to Chinese people that would allow them to access this hospital." Chindex plans to expand its presence in China to include two new 125-150 bed hospitals in Guangzhou and Beijing in addition to its two 50-bed hospitals one each in Beijing and Shanghai. Lipson said the insurance will cover patients at other hospitals in and out of China.
Related links: Chindex press release • WSJ Coverage • Chindex Q107 Financial Results • The Red Hot Market for Medical Devices in China • Big Prospects for China's Medical-Device Makers
Potentially impacted stocks and ETFs: Chindex International (CHDX), American International Group (AIG), China Medical Technologies (CMED), Mindray Medical Int'l (MR)

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Comments

[King]

There have always been quite a few international health insurance plans which would cover Chinese citizens at that hospital (Qualifying for the these plans aside, Chinese citizens would need to be living mostly abroad).

www.china-health-insur...

[User 145021]

www.chinahealths.com/