Asian Welfare States

What are Asian growth nations’ plans for developing modern welfare systems?

April 26, 2014

Credit: James Steidl - Shutterstock.com

1. As Asian nations continue to grow, national policy has moved towards providing modern social safety nets.

2. China recently extended pension coverage to an additional 240 million rural people.

3. This is far more than the total number of people covered by Social Security, the U.S. public-pension system.

4. A few years ago, about 80% of people in rural China had no health insurance. Now virtually everyone does.

5. Even more surprising, Indonesia’s government has promised to provide all 240 million of its citizens with health insurance by 2014.

6. Indonesia is effectively building the biggest “single-payer” national health scheme in the world.

From Asia’s next revolution (The Economist)

 

 

Takeaways

As Asia keeps growing, national policies have moved towards providing modern social safety nets.