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WellPoint Enters China’s Health Insurance Market

This article was originally published in PharmAsia News

Executive Summary

WellPoint, the second largest health insurer in the U.S., has set up its representative office in Beijing to forge closer partnerships with local insurance firms and introduce its expertise to the country. WellPoint's subsidiary Anthem will develop the domestic business by establishing a client network; it has identified the government, private companies and health care providers as target customers. China's fledgling health insurance market is set to hit 120 billion yuan ($17 billion) by 2015 as the local health reform aims to make basic medical insurance available for every citizen. Seeing the huge potential, foreign health insurers such as BUPA and Swiss Reinsurance have been stepping up their activities in the country. (Click here for more - Chinese language)

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