Rampant Corruption in China’s Medical Field: 155 Hospital Directors Investigated

2023-08-08 00:01:22

At least 155 hospital directors in mainland China were investigated. (Schematic / Dazhi / Associated Press)

The medical field in mainland China has recently become a key area of ​​anti-corruption inspections. A hospital spent 35.2 million yuan (regarding NT$155 million) to buy equipment, and the director took 16 million yuan (regarding NT$70.47 million) in kickbacks. So far this year, at least 155 hospital directors and secretaries have been investigated. In August, several seminars were cancelled. As a result, 150 billion yuan (approximately NT$660.6 billion) has been evaporated in the pharmaceutical stocks of the mainland stock market.

According to “China-Singapore Jingwei”, according to incomplete statistics from the media, at least 155 hospital directors and secretaries have been investigated by the authorities from this year to the present, and the number is twice that of last year. Since August, at least 10 Medical seminars have also been canceled or postponed. A person from a tertiary hospital in the southern region said that the meeting can promote academic exchanges, and it will be held as scheduled if it meets the regulations.

After this article was exposed, many netizens commented “Those who have not been investigated, the most concerned thing is how to be punished following being investigated”, “Investigate quickly, don’t suck the blood of grassroots medical staff”, “Let’s have a symposium in prison”, ” This is just the tip of the iceberg.”

According to the “Securities Times” report, since mid-July, the regulatory authorities have taken frequent actions to crack down on anti-corruption, which has also caused turmoil in the financial circle. From July 31 to August 4, the market value of the A-share pharmaceutical and biological sector evaporated by 1500. billion (approximately NT$660.6 billion). It is understood that on the 2nd, the “No. 1 Brother of New Drugs” Hengrui Medicine’s Shenzhen office was investigated. It fell more than 4% in the session and closed down 2.54%. The innovative drug sector fell directly by 2% that day; Li Pharmaceutical, Betta Pharmaceuticals, etc., fell more than 4%.

According to “Zhengguan News”, a serious corruption incident occurred in the People’s Hospital of Pu’er City, Yunnan Province in 2020. 20 people including the dean and nurses were investigated. It is reported that the dean Yang Wenjun received 16 million yuan for a piece of medical equipment (approximately NT$70.47 million) rebate. The Disciplinary and Supervisory Commission of Yibin City, Sichuan Province stated earlier this year that the president and vice president of the First People’s Hospital in Yibin City, Sichuan Province were investigated for violating the law. One was expelled from the party, and the other lost his party membership and job.

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