I have a debt of 3 trillion, and my creditors are begging me not to die.

Chapter 166 Medical Insurance Negotiation
Seeing that countries around the world announced restrictions on Note 7 almost at the same time, Samsung Chairman Lee Jae-yong could no longer remain calm.

Li Jae-yong personally called the heads of business departments of various countries to plead for mercy. Samxing developed the Note7 to the standard of a top-tier mobile phone and invested huge amounts in all aspects. If the Note7 is not put on the market, Samxing Electronics will suffer huge losses.

However, the heads of commerce departments of various countries must give priority to the safety of their people. Li Jae-ryong said all the good things and gave enough assurances, but Dragon Country, Bald Eagle, the European Union and others are still unwilling to lift the restrictions on Note7.

It's just a suggestion that you can't bring it on airplanes or other means of transportation. Li Jae-yong thought about it carefully and realized it's no big deal. Consumers just need to overcome the difficulties.

but!

At this time, market supervision and management departments in various cities in Longguo began to take action.

Beijing Market Supervision and Administration: Our bureau has recently received a large number of consumer reports and complaints about Sanxing brand note7 series mobile phones. After scientific testing by authoritative departments, it was found that the battery quality of the note7 series mobile phones was substandard. Our bureau has decided to seal up the Sanxing note7 on the spot and prohibit its sale and use. Consumers who have already purchased can go to the place of purchase to request a full refund, and the relevant place cannot refuse, otherwise our bureau will punish them according to law. At the same time, our bureau recommends that consumers who use Sanxing brand mobile phones, for the sake of their own and others' safety, do not take their mobile phones to crowded places to avoid immeasurable serious consequences.

Jiangcheng Market Supervision and Management: Recently, this bureau has received a large number of complaints from consumers that the Sanxing Note7 mobile phone has serious quality problems. After inviting a third-party authoritative department to test, this bureau determined that the batteries of the Sanxing brand Note7 series mobile phones were unqualified. Among the 100 mobile phones sampled, 6 mobile phone batteries had visible swelling. This bureau has taken measures to seal up all Sanxing brand Note7 mobile phones in Jinling City and prohibit sales in accordance with the law. All consumers who purchased Note7 can request a return, and the seller must unconditionally return the product, otherwise our bureau will deal with it seriously, including but not limited to fines, freezing assets, etc.

Haicheng, Jinling, Suzhou...

Relevant departments in cities across the country have issued relevant announcements, requiring that Sanxing brand Note7 mobile phones within the city must be sealed on the spot, sales must be prohibited, and unconditional refunds must be given to consumers who have already purchased them.

In the past, Longguo's industrial and technological level was backward, and domestic electronics, electrical appliances, automobiles and other products were controlled by foreign capital. At that time, Longguo's strategy was to exchange market for technology. We can accept the division of labor of 4 million shirts in exchange for an airplane, but it does not mean that we are willing to play this role forever.

The accumulation of 30 years by Long Country has finally exploded in this era. The technological content of domestic mobile phones is not inferior to that of Sanxing, Fruit and other brands, and the quality is full-coverage of high, medium and low-end. Long Country's new energy vehicles have even caused foreign countries to impose tariffs and restrictions.

Therefore, the authorities also intend to seize this opportunity to free up Sanxing's mobile phone market share for domestic brands to share, so that mobile phone brands such as Dami can move to a higher level.

Therefore, no matter how Sanxing communicated, Longguo's attitude was very firm and it would not allow Note7 to be sold in Longguo.

Luo Jun, chairman of the rice company Guo, who was previously humiliated by Sanxing, seized on this wave of popularity and launched a wave of discount promotions.

Luo Jun posted a Weibo.

"I'm in a really good mood today, so I'm going to give you a discount to celebrate. A 9% discount on the entire Mi series of phones, starting at midnight tonight, ends when 0 units are sold. Former Sanxing phone users can get an original headset for free with their Samsung phones, a total of 10 units, while supplies last."

Other mobile phone brands followed suit immediately.

The entire series of Longwei mobile phones are on sale at a 9% discount, and Sanxing mobile phone users can get an additional original headset for free.

The entire series of Vivo mobile phones are on sale at a 9% discount, some models are on sale at a 8% discount, and Sanxing mobile phone users can get an original headset for free.

……

The market atmosphere has become so intense that all Sanxing mobile phone users in Longguo quickly abandoned their Sanxing phones. Those who had money bought Longwei, and those who didn't bought Vivo. No one wanted their phone to suddenly explode one day.

South Korea's Samsing Group.

Zheng Jinrong, president of Sanxing Electronics, hurried to Li Jae-yong's office to report the news about the Longguo market to him.

Li Jae-yong looked out the window expressionlessly and didn't speak for a long time.

At this moment, Li Jae-yong's office phone rang, breaking the awkward atmosphere.

Li Jae-long slowly picked up the phone, put it to his ear and hummed, and Luo Jun's voice came from the phone.

"Hello, Chairman Li, you see you can't do this! How come in the blink of an eye, Sanxing Mobile is going to withdraw from the Longguo market?" Luo Jun said sarcastically.

Li Jae-yong said angrily: "You are deliberately forcing Samsung out of the Longguo market so that you garbage brands can take over. I tell you, even if Samsung withdraws from the Longguo market, it will still be the best-selling mobile phone brand in the world."

"You are right, but this situation will not last long. You just developed earlier, but you are not stronger than us. When our country reaches the top of the world, any one of our brands can surpass Sanxing. This day will not be too long, and you will not be able to show off for too long." Luo Jun said with a smile.

Li Jae-yong may look down on Longguo's mobile phone brands, and even look down on Longguo's electronics, semiconductor and other companies, but he dare not deny Longguo's current status in the world.

"That is the capability of your country, not your brands. You are just an assembly plant. What qualifications do you have to laugh at us? We can produce any product by our own capabilities. Can you?" Li Jae-yong said sarcastically.

Luo Jun laughed loudly and said, “That doesn’t matter. We have Yang Chen. He will soon be able to realize the localization of all products, and they will definitely be of higher quality and cheaper than your foreign-funded products. It’s enough for me to have Yang Chen. Are you dissatisfied? Let’s wait until Sanxing’s stock price can revive under Yang Chen. Haha…”

Luo Jun hung up the phone immediately without giving Li Jae-yong a chance to speak.

Li Zailong angrily smashed the phone on the table and cursed: "Ah Xi, damn it, damn it! What right does Luo Jun have to laugh at me? Does his mobile phone have parts that he can produce himself? Being ridiculed by such a person is the greatest shame of my life, Li Zailong!"

Zheng Jinrong immediately suggested: "How about we increase the price of chips in the Longguo market and teach them a lesson? The cost of each of their mobile phones will increase by several hundred yuan, or even more. Let's see how they can eat up our market share."

Li Zailong shook his head and said, "It may not work if we raise prices unilaterally, unless Qualcomm and others raise prices together with us. Otherwise, if we raise prices now, it means that all businesses will give up the Longguo market."

Zheng Jinrong quickly said, "The president is indeed very thoughtful. It is indeed me who was not thoughtful enough. Sigh... our Sanxing Empire has fallen to the point of being ridiculed by an assembly plant. I am really angry."

Li Jae-yong said expressionlessly: "First solve the problem of Note7, and then plan how to deal with them."

Zheng Jinrong nodded and said, "I understand!" Li Jaelong nodded and waved his hand to signal Zheng Jinrong to leave.

Li Jae-long opened the stock quotation of Sanxing Electronics and looked at the stock price that had fallen by 15% with a worried look on his face. Since Yang Chen shorted Sanxing Electronics, the stock price of Sanxing Electronics has fallen by as much as 55%. The market value of 6000 billion Eagle Coins has dropped to less than 3000 billion Eagle Coins.

During this period, Li Jae-yong tried various methods, including announcing good news, using money to increase stock holdings, and even setting up employee stock ownership, but the stock price just kept falling.

Therefore, Li Jae-yong no longer wants to spend money to increase his holdings. Let the stock price fall. At least he just needs to keep his controlling stake.

There is nothing wrong with Lee Jae-yong thinking this way. First, he wants to control Samsung, and then increase his wealth by increasing the stock price.

But it is different for other shareholders. They have no control and no intention to control Sanxing. They have only one purpose in investing in Sanxing, which is to make money.

Now the share price of Sanxing Electronics has fallen by more than half, which means that their wealth has been lost by more than half. Some shareholders who bought at a high price have already lost money.

Now, Goldman Sachs and other investment banks have contacted Li Jae-long again, asking him to quickly reconcile with Yang Chen and not let the stock price fall any further.

Li Zailong directly rejected their request. He could completely accept this situation now. He would never apologize to Yang Chen and admit defeat.

As we all know, South Korea is a castrated country. Its sovereignty is not in the hands of the South Koreans, but in the hands of the bald eagle.

The Bald Eagle is a country that is controlled by capital, and capital can determine the will of the country.

As a result, the presidents of Goldman Sachs and other groups are putting pressure on Lee Jae-yong through the official Bald Eagle. If Lee Jae-yong does not obey, his frozen assets will be confiscated.

Li Zailong was still unwilling to compromise, and threatened the Bald Eagle family that if they dared to confiscate his assets, he would fight to the death against the people of the Bald Eagle country in South Korea.

South Korea was also known as the Samheung Empire, and Lee Jae-ryong's status was even higher than that of the president.

Therefore, the Bald Eagle family did not want to break up with Lee Jae-yong easily, so the matter could only be left unresolved for the time being.

Early in the morning, the School of Life Sciences of Longke Institute released a follow-up test report on the leukemia-specific drug developed by Sihai Pharmaceutical.

After their follow-up tests on 10 leukemia patients and the test results of the ingredients of the leukemia special medicine, they found that the Sihai Leukemia Special Medicine is real and effective, and leukemia can be cured with one injection. They strongly recommend leukemia patients to use this special medicine. At the same time, they also suggested that the Medical Insurance Bureau include this medicine in the medical insurance reimbursement list to reduce the cost pressure on patients.

The families of those leukemia patients immediately left messages on the official website of the Medical Insurance Bureau, requesting them to negotiate with Sihai Pharmaceutical to add Sihai's leukemia-specific drugs to the medical insurance reimbursement list. Some even went to the General Administration in Beijing to petition.

Netizens also left comments to the Medical Insurance Bureau, hoping that Sihai’s special leukemia medicine could be included in the medical insurance reimbursement list.

Longguo is a people-oriented country. The people are so eager to include leukemia-specific drugs in the medical insurance reimbursement list, the country will naturally meet their wishes.

Therefore, the Medical Insurance Bureau specially formed a team to come to Sihai Group to negotiate with Yang Chen about including leukemia specific drugs and myopia and hyperopia eye drops in the medical insurance.

The person in charge of the Medical Insurance Bureau delegation was called Wang Enze. He first tried to get close to Yang Chen for a while, and then talked about the price of medicines.

"We know that the research and development of each drug costs a lot of research and development funds, so it is reasonable that the new drug is more expensive. However, the pressure of national medical insurance reimbursement is too great, and we still hope that Mr. Yang can make some concessions on the price. After all, it is a drug, so let's make small profits but quick turnover to benefit the people. Do you think it's okay?" Wang Enze asked with a smile.

Yang Chen smiled, and replied: "I still have this ideological awareness. The agency rights of the eye drops have been auctioned to Jingdong. I have discussed with Jingdong Liu. The price of medical insurance is 1998 yuan per bottle. Liu and I each gave half of the price. If the patient does not use medical insurance, it will still be 3000 yuan per bottle. The leukemia special medicine is 20 yuan per injection with medical insurance, and 30 yuan per injection without medical insurance. Medical insurance reimburses 80%, or even a higher proportion, so the patient does not need to pay much."

Wang Enze smiled and said, "Thank you, Mr. Yang, for your support. But the price is still a bit high. Can you lower it a little bit?"

Yang Chen shook his head and said very confidently: "It can't be reduced any further, not even a penny. I think whether the price is expensive or not can't be judged by the number alone, but also by what disease is being treated, the effect of the treatment, etc. If these drugs of mine were developed by foreign capital, the price would have to be at least tripled. As a business, we must continue to invest in research and development funds to keep going. If I can't even guarantee basic profits, with the current situation of Sihai Group, Sihai Pharmaceutical will reduce its research and development funds next year due to lack of money. You can't let a company like me with strong research and development capabilities go bankrupt just to save a little medical insurance money, right?"

Wang Enze laughed and quickly explained, "No, no, no, I absolutely don't mean that. The Medical Insurance Bureau doesn't mean that either, and the country certainly doesn't mean that either. We all absolutely support entrepreneurs like Director Yang in doing research and development. Since Director Yang said that the price can't be reduced any further, I'll report to the leader. I'll give you a reply later, okay?"

Yang Chen smiled and nodded, saying: "Okay! I'll go to the bathroom, we'll talk later."

Yang Chen winked at Gao Ya and the others, and then they left together.

Arriving at the corridor, Gao Ya asked, "Director Yang, can they accept your offer?"

Yang Chen replied: "You have to accept it whether you want to or not. This is my greatest sincerity, otherwise they can just go back. It’s not enough for a company like mine to give up so much profit, so I won’t give them any at all."

At this time, Guo Haitao, director of the First People's Hospital, called Gao Ya.

"Hello, Mr. Gao, I have a patient from the Bald Eagle Country here. He is from the Rockefeller family and has a very prominent status. He wants to customize a special leukemia drug for his own use. Can you make an exception and receive him?" Guo Haitao said.

Gao Ya covered the microphone of the phone and whispered to Yang Chen: "Director Yang, Dean Guo said that someone from the Rockefeller family came and wanted to customize a special medicine for leukemia. Should we make an exception and receive him?"

Yang Chen smiled and said: "People from the Rockefeller family, then we can't make an exception. The Rockefeller family has a prominent position in the Bald Eagle family. If he can force the Bald Eagle family to lift the restrictions on us, he will most likely succeed. You let Guo Haitao tell that foreigner that the Bald Eagle has restricted the products of our Sihai Group, and cannot let a person from the Bald Eagle country use the leukemia special medicine."

Gao Ya nodded, and immediately conveyed Yang Chen's words to Guo Haitao.

After Guo Haitao hung up the phone, he told the patient what Yang Chen said. The patient immediately said, “Please arrange for me to talk to Director Yang in person. I can help him convince Bald Eagle to lift the restrictions on Sihai Group.”

(End of this chapter)