Tuesday, August 15, 2006

US ROK FTA - Korea, explain again why?

The Hankyoreh inadvertiantly weakens Korea's hand on the "postive list" issue:

S. Korea ranks at bottom of OECD in national medicare expenditures: report

 South Korea ranks at the bottom of Organization for Economic Cooperation and Development (OECD) members in national medicare expenditures to gross domestic product (GDP), a report said Monday. 

The Health Data 2006 report, compiled by the state-run National Health Insurance Corp. and based on OECD figures, said South Korea spent 5.6 percent of its GDP on medicare, lower than that of such countries as Poland and Mexico, which each allotted 6.5 percent to public medical expenditures.

Korea says it needs the "positive list" for drug prescriptions to lower costs, yet how much lower can they get if Korea spends the lowest of all OECD countries?


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