One person in 10 aged 65 will face care costs of more than £100,000, he says.
People with assets worth more than £150,000 would only have to pay up to £35,000 in care costs, he says.
Right now about 25 percent of total health care costs is wasted.
If not, then medical care costs will go up even faster than they are now.
Whose health care costs should I be primarily trying to keep down?
This has left many families having to top up care costs.
Patients in China today generally must pay their own health care costs.
A higher level of care cost from $200 to $800 monthly.
They will then need social services support to get their care costs funded by public money.
Since April 1991, medical care costs have soared 7.9 percent.