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Korea May Adopt Further Cost-Containment Steps Under 'Moon Jae-In Care' – IQVIA

 
• By Jung Won Shin

Korea is expected to feel the pressure to introduce more drug cost-containment measures amid rapidly rising National Health Insurance expenditures, IQVIA predicts. In particular, expenses associated with implementation of 'Moon Jae-in Care' could erode NHI financial surpluses in the short-medium term.

Moon Jae-in, president of South Korea
Moon Jae-in, President of South Korea

South Korea's plan to expand reimbursement coverage, the so-called the Moon Jae-in Care, or Mooncare, will be the most important factor affecting the health care environment over the next five years and may push the government to pursue new cost-containment policies, according to a report by IQVIA.

The expansion of reimbursement coverage stipulated under the reforms will see National Health Insurance (NHI) coverage grow from the current...

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