Walgreens Boots Alliance Executive Warns Southeast Asia Against Adopting U.S. Healthcare Model Due to Shorter Healthspan
Li Zhong, the APAC president of Walgreens Boots Alliance (WBA), has advised Southeast Asian nations against replicating the U.S. healthcare model. Speaking at Fortune’s Southeast Asia 500 Summit in Ho Chi Minh City, Vietnam, Li highlighted that despite the U.S. spending approximately 17% of its GDP, or $5.6 trillion, on healthcare—the highest globally—Americans experience a shorter 'healthspan' compared to individuals in Vietnam. Healthspan refers to the years lived in good health, free from chronic illness. Vietnam, in contrast, allocates only 4.6% of its GDP to health spending. Li emphasized that while the U.S. excels in advanced therapies that extend lifespan, this often comes at the cost of overall health quality, making it an unsuitable model for Southeast Asia.