Government’s Medical Insurance to Cover Entire China

1
Governments Medical Insurance to Cover Entire
China
2

• After introducing provincial-level medical
  insurance programs, the assistance that aims to
  help financially challenged individuals will now
  be expanded, covering the whole of China before
  the end of this year.

3

• The announcement comes after the executive
  meeting of the State Council, China's cabinet, on
  July 22.

4

• The expanded medical insurance will be of help to
  low-income residents who have critical illnesses
  such as cancer.
• During the meeting presided by Premier Li
  Keqiang, the cabinet said that the assistance
  will "cover all the subscribers to the urban and
  rural resident basic medical insurance as of the
  end of 2015

5
(No Transcript)
6

• For the State Council, such program "marks a
  major innovation of the ongoing medical reform,"
  as it combines commercial insurance with social
  security.

7

• The council also shared that funds for the
  insurance will come from the new rural
  cooperative medical system and from the urban
  residents' basic medical insurance.

8

• The insurance will be run by government-chosen
  commercial insurance agencies. These firms will
  be selected via bidding.

9
(No Transcript)
10

• According to the recent meeting, the new
  insurance system is expected to be nearly
  perfected in 2017.

11

• Among the over 70 million impoverished populace
  in China, more than 10 million are suffering from
  a major or chronic disease, Liu Yongfu, State
  Council Leading Group Office of Poverty
  Alleviation and Development of China head, stated.

12

• In an interview with China Economic Net, Liu also
  shared that the country's poverty-elimination
  efforts have turned its focus to serious diseases
  that cause poverty.

13

• In 2010, China piloted a medical reform on public
  medical institutions in 17 key cities. In May, it
  also issued a guideline directing that the said
  reform shall cover all of the country's 6,800
  public hospitals in two years' time.

14

• For more information, visit us

http//insurnews.com/