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Dongbu and SsangYong Launch First Serious Illness Insurance Plan That Provides Korean Consumers With The Option To Secure Treatment From Four Renowned U.S. Medical Centers.


CAMBRIDGE, Mass. -- Cleveland Clinic Cleveland Clinic (formally known as the Cleveland Clinic Foundation) is a multispecialty academic medical center located in Cleveland, Ohio, USA. Cleveland Clinic was established in 1921 by four physicians for the purpose of providing patient care, research, and medical , Duke University Health System, Partners HealthCare Partners HealthCare is a non-profit organization that owns several hospitals in Massachusetts, primarily in the Boston area. Massachusetts General Hospital and Brigham and Women's Hospital founded the organization in 1994.  System and UCLA Medical Center UCLA Medical Center is a hospital located on the campus of the University of California, Los Angeles in Los Angeles, California. It is rated as one of the top three hospitals in the United States and is the top hospital on the West Coast according to US News & World Report.  To Provide Medical/Surgical Services For "Global Health Plan."

WorldCare Limited today announced that Dongbu and SsangYong General Insurance Companies have commenced the initial marketing of a serious illness treatment plan that, for the first time, provides Korean consumers with the option of securing medical/surgical care from four of America's Best hospitals America's Best Hospitals Media & health An annual 'report card' on the quality of care received in US hospitals published by US News & World Report, that is either proudly quoted by those who are rated or dismissed by those who are not : The Cleveland Clinic, Duke University Health System, Partners HealthCare System, which includes Massachusetts General Hospital Massachusetts General Hospital Health care The major teaching hospital for Harvard Medical School, widely regarded as one of the best health care centers in the world  and Brigham and Women's Hospital Brigham and Women's Hospital (BWH) is a hospital in the Longwood Area of the Boston, Massachusetts neighborhood of Mission Hill. With Massachusetts General Hospital, it is one of the two founding members of Partners HealthCare.  and UCLA Medical Center. (See, U.S. News & World Report U.S. News & World Report

Weekly newsmagazine published in Washington, D.C. U.S. News was founded in 1933 by David Lawrence (1888–1973) to cover important domestic events; he founded World Report in 1945 to treat world news. The two magazines were merged in 1948.
, July, 2004).

The Global Health Plan ("GHP GHP Georgia Health Partnership
GHP Geisinger Health Plan (Danville, PA)
GHP Governor's Honors Program
GHP Good Handling Practices (food safety)
GHP Grand High Priest
"), developed jointly by WorldCare Global Health Plan Ltd., Dongbu General Insurance Company and SsangYong Fire and Marine, provides coverage of up to one million dollars for the treatment of Cancer, Neurovascular Diseases, Cardiovascular Diseases and Major Joint Replacement. Travel expenses including $15,000 for each surgery up to 4 times within 2 years after the initial diagnosis are also included.

"The Global Health Plan is unique in the international health care market place," stated, Joel Kahn, M.D., President, WorldCare Global Health Plan, Ltd. "It is the only serious illness treatment plan that:

--provides expert, timely, multi-disciplinary second opinion e-consultation (telemedicine) for illnesses covered for treatment in the U.S. and for most other illnesses;

--utilizes a specifically-formed hospital group comprised only of America's very best academic medical centers as its provider network;

--and provides Korean consumers with the choice to travel to the U.S. for specialist and or-sub-specialist care in lieu of accepting a lump sum Lump sum

A large one-time payment of money.
 payment," concluded Kahn.

"Korea is currently the world's 7th largest insurance market with annual premium sales of approximately $55 billion," stated Jip Yang, Chief Executive Officer, SsangYong Fire and Marine. The launch of the GHP product in Korea represents a unique opportunity for Korean consumers and a constructive collaboration between two highly regarded insurance companies and four of the most distinguished, academic medical centers in the U.S. We feel the product exemplifies SsangYong's innovative approach to insurance services and that the GHP will be well-received," concluded Yang.

"We are extremely pleased to partner with WorldCare, the Cleveland Clinic, Duke University Health System, Partners HealthCare System and UCLA Medical Center to bring the Global Health Plan to Korean consumers," stated Mr. Yoo Han, President of Dongbu Insurance. "The choice and quality provided by the GHP are unparalleled in this market. The GHP is yet another demonstration of Dongbu's commitment to lead in this sector and most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent"
above all, most especially
, to protect the health and well being of our clients," concluded Han.

About SsangYong Fire & Marine

SsangYong insurance was founded in 1948, based on the philosophy of asset protection and welfare realization. Since that time, SsangYong has been a cornerstone of the non-life insurance industry of Korea. Various products and distinctive customer services provided by our company have enhanced the security of life and happiness of our customers for more than a half-century. While offering diverse and comprehensive products (fire, marine, automobile as well as casualty, long-term, annuity, etc.) and carrying out short/long-term corporate risk management, SsangYong Fire & Marine Insurance has endeavored to become a superb insurance company, preparing diversified and prompt services to cope with the demands of the new era.

About Dongbu

Dongbu Insurance Co., Ltd. was founded in 1962 as Korea Automobile Insurance Co., Ltd. The Company has remained a pioneer in the Korean automobile insurance business, being the first to introduce an unlimited liability coverage policy in 1976. Dongbu Insurance is Korea's third largest non-life insurer today. The Company serves both corporate and individual customers with a business portfolio spanning automobile, fire, marine, long-term, aviation, machinery, title, building and health insurance policies as well as annuity plans. Domestic operations currently include 6 regional headquarters, 44 branches; 4 corporate sales headquarters, 13 claims centers and 30 customer service teams. Overseas, the Company operates a branch office in Guam and sales offices in Jakarta and New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
.

About The Cleveland Clinic www.clevelandclinic.org

The Cleveland Clinic, one of the world's leading medical institutions, integrates clinical care with research and education in one of the largest not-for-profit group practices in the U.S. The Clinic employs 1,400 physicians who practice in 120 specialties. U.S. News & World Report ranks The Clinic among America's top-four hospitals and ranks its Heart Center as "#1."

About Duke University Health System www.dukehealth.org

Duke University Health System is a world-renowned medical institution with over 3,000 physicians dedicated to providing outstanding patient care, educating tomorrow's health care leaders, and discovering better ways to treat disease through research. Consistently ranked as one of the nation's top hospitals (#6 in America) by U.S. News & World Report, Duke University Health System draws patients from around the nation and the world.

About Partners HealthCare System www.partners.org/international

Partners is one of the leading academic healthcare systems in the world and the largest private not-for-profit biomedical research Biomedical research (or experimental medicine), in general simply known as medical research, is the basic research or applied research conducted to aid the body of knowledge in the field of medicine.  enterprise in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Founded by Harvard Medical School's leading teaching hospitals -- Massachusetts General Hospital and Brigham and Women's Hospital -- Partners also includes Dana-Farber/Partners Cancer Care, Spaulding Rehabilitation Hospital Spaulding Rehabilitation Hospital is a rehabilitation hospital located in Boston, Massachusetts. It is affiliated with the Harvard Medical School. External link
Spaulding Rehabilitation Hospital Network
, McLean Psychiatric Hospital psychiatric hospital
n.
A hospital for the care and treatment of patients affected with acute or chronic mental illness. Also called mental hospital.
 and over 4,000 Harvard faculty physicians.

About UCLA Medical Center www.healthcare.ucla UCLA University of California at Los Angeles
UCLA University Center for Learning Assistance (Illinois State University)
UCLA University of Carrollton, TX and Lower Addison, TX
.edu/

Consistently rated as the best hospital in the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River
West

Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century
 by U.S. News & World Report, UCLA Medical Center in Los Angeles, California has an international reputation for quality care. UCLA scientists and physicians are at the cutting edge of biomedical research, and are leaders in bringing the latest discoveries to the benefit of patients. Thousands of patients travel from other nations each year to seek care at UCLA Medical Center for advanced treatment capabilities and the services of UCLA's renowned faculty.

About WorldCare www.worldcare.com

WorldCare Limited, a pioneer and leader in the development and distribution of global e-health services and solutions, facilitates international access to high quality U.S. healthcare through the delivery of highly specialized and personalized electronic second medical opinions and the provision of insurance plans for the U.S. treatment of serious illness. In partnership with the very best medical centers in North America, WorldCare utilizes Internet-empowered technologies and FDA FDA
abbr.
Food and Drug Administration


FDA,
n.pr See Food and Drug Administration.

FDA,
n.pr the abbreviation for the Food and Drug Administration.
 approved protocols to transmit medical records and provide referring physicians and their patients with second opinions. Consultation and treatment are rendered by The WorldCare Consortium(SM), comprised of The Cleveland Clinic, Duke University Health System and Partners HealthCare System, Inc., which includes Massachusetts General Hospital and Brigham and Women's Hospital. Special programs sponsored by life and health insurance carriers throughout the world offer WorldCare's second medical opinion services and its serious illness insurance product, The WorldCare Global Health Plan(SM). Founded in 1994, WorldCare maintains operations in Latin America, The Middle East, Asia and Europe, including Brazil, Chile, Ecuador, Mexico, Panama, Peru, Uruguay, Bahrain, Egypt, Jordan, Lebanon, Saudi Arabia, Turkey, U.A.E., Malaysia, Korea, Croatia, Cyprus, Greece, Poland and Slovakia. WorldCare also offers pharmaceutical clinical trial services and Continuing Medical Education continuing medical education See CME.  Services. WorldCare can be found at www.worldcare.com.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 24, 2005
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