Korea’s Ministry of Health and Welfare unveiled a five-year plan aimed at create fundamentally reshaping the national health insurance system for sustainability.
Park Jun hee reported in The Korea Herald, “The 2024-28 comprehensive plan aims at better compensating essential but undervalued medical services to tackle the shortage of medical professionals in certain sectors, as well as target the issues of overtreatment and overspending in the national health care system”.
Another initiative is an alternative payment model, which offers additional incentive payments to encourage the delivery of high-quality and cost-effective care. Its goal is to address pay disparities.