Over 5 Trillion Won of Medical Expenditures Incurred by Domestic Elderly Population

According to a report released by the National Health Insurance Corporation (NHIC), there is a continuous increase of the elderly people with ages 65 and above in the nation, reaching at 3.75 million people, or 7.9% of the total population, as of year-end 2004.

The amount of medical expenditures as incurred by the elderly population during last year was determined at 5.1 trillion won, which ...