COVID-19: KOREA Healthcare for All
South Korea is probably one of those countries that provides the maximum possible support to COVID-19 patients. Currently, the rate of daily cases swings between 20 and 50. It was approaching almost zero a few weeks ago, but then a second wave appears which increases a daily number of cases to an average of 30.
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| South Korea COVID-19 confirm cases, recovered, and deaths. |
In South Korea it is mandatory every citizen is insured therefore Korea national health insurance bears 80% costs of COVID-19 care and the rest 20% is borne by the central government. The COVID-19 patients have nothing to pay in terms of testing, medication, and other hospital expenses [1]. It is 100% supported and the bill for COVID-19 treatment for South Korean passport holders is zero.
According to National Health Insurance, South Korea’s public insurance institution, the cost of COVID-19 treatment averages between some 3.3 million ($2,690) and 70 million won ($58,291.60) per patient, differing on the severity of illness [2].
It costs from 3.3 million won to 4.7 million won to treat a mild case, from virus testing to isolation to treatment at a hospital, according to the institution’s approximation based on information it received from some 20 general hospitals and treating virus patients [2].
Under the assumption that 11,000 novel coronavirus patients undergo care, the National Health Insurance projected the country’s expenditure to total as much as 98.5 billion won ($ 81616389.40).
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| Picture taken from a news bulletin on Arirang TV on June 18, 2020 |
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