Japan is infected by a physician protection racket

Article Abstract:

Japan's rising healthcare costs is attributed to its regulatory framework that protects the interests of physicians rather than patients. The Ministry of Health and Welfare, for instance, is controlled by physicians who abuse their power. Prescription drugs account for about 28% of the healthcare budget due to doctors' practice of supplying patients with prescription drugs at higher prices. Doctors' ownership of small- and medium-sized hospitals have also allowed them to extend patient stay to an average of 39 days.

Japan, Health Care, Health Care and Social Assistance, Consumer prices, HEALTH SERVICES, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Health Regulation NEC, Health care industry, Medical care, Social policy, Health services administration, Medical law

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Hong Kong urged to make changes to retirement plan; funds association thinks mandatory contribution of 10% of salary won't be enough

Article Abstract:

The Hong Kong Investment Funds Assn is planning to urge the Hong Kong government to change some aspects of the Mandatory Provident Fund which is slated to be introduced in 2000. The retirement program seeks contributions of 10% of one's salary from both the employer and the employee as a way to save for future retirement. The organization feels that the amount is not enough and that a higher minimum contribution rate is necessary.

Laws, regulations and rules, Political activity, Hong Kong, Pensions, Hong Kong Investment Funds Association

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