Taiwan's medical technology has reached world-class, among the top 200 hospitals; there are 14 in Taiwan, ranked 1st in Asia and 3rd in the world. The current health care system in Taiwan, known as National Health Insurance (NHI), was instituted in 1995. NHI is a single-payer compulsory social insurance plan which centralizes the disbursement of health-care funds. The system promises equal access to health care for all citizens, and the population coverage had reached 99% by the end of 2004.
According to the IMD "2014 World Competitiveness Yearbook ", Taiwan ranked 7th in the world of 60 countries in the “Health Infrastructure”. Also, the "World Health list" published in “The Economics” in 2000, Taiwan has been ranked as the No. 2 in the world, behind Sweden, higher than the U.S., Japan and other countries.