“Previously the majority of people were looking for extra cash flow for their business, but last year and this we’ve seen a rise in healthcare loans.” That is likely to get significantly worse as the personal healthcare bill soars almost fourfold to 12.7 trillion yuan ($1.9 trillion) by 2025, according to Boston Consulting Group estimates. REUTERSAs China’s medical bills rise steeply, outpacing government insurance provision, patients and their families are increasingly turning to loans to pay for healthcare, adding to the country’s growing burden of consumer debt. There are no reliable figures for total healthcare lending, as lenders do not usually advance the money for healthcare-specific purposes. REUTERS A cancer patient pushes his drip stand as he walks down the hallway of a hospital in Beijing, China.

Source: Indian Express July 10, 2016 04:29 UTC