This month a Shanghai banking regulator disclosed that the Ministry of Finance is drafting rules to control the financing subsidiaries of local governments.
To their credit, physicians and hospital leaders are among the most vocal national critics of the perverse incentives in the financingof healthcare, but those are the rules they must play by.
"Those of us who have taken financial risk did so with an understanding of certain rules that were in place and did our financing on that basis, " he says.