Cover Story: China Moves to Alter Medical Coverage of 300 Million

Caixin Global | Sep 21, 2020 at 9:20 AM
  • Chinese authorities have quietly set in motion a long-discussed restructuring of the country’s medical insurance system that will affect more than 300 million urban residents, although debates remain unsettled on some key elements.
  • The National Healthcare Security Administration, a sub-ministry-level government agency managing China’s public health insurance programs, published a draft plan Aug. 26 to reshuffle the urban employee basic medical insurance system — one of the key pillars of the country’s state-backed social safety net.
  • In a unique way compared with other countries, China’s health insurance program for urban employees consists two parts — a mutual account pooling money from part of the contributions for public spending, and personal accounts that can be accessed only by individual contributors.