Health insurance to be expanded
China is to expand medical insurance to cover all critical illnesses by the end of the year, the State Council said yesterday.
In a statement, it said 50 percent of medical costs will be covered by insurance in a bid to 鈥渕ore effectively reduce the burden of medical expenses.鈥
Many of the country鈥檚 residents complain about the cost of medical treatment due to low levels of insurance cover and serious illnesses can bankrupt households under the current system.
The State Council said expanding health insurance was aimed at 鈥渆ffectively alleviating poverty caused by illness鈥 and building a strong universal health care system.
Since 2009, China has spent 3 trillion yuan (US$480 billion) on health care reform.
Economists say improving health care is vital if China wishes to remake its economy and boost domestic consumption. They say a stronger safety net will encourage Chinese to save less and spend more.
China鈥檚 health care spending is set to hit US$1 trillion by 2020, up from US$357 billion in 2011, according to McKinsey & Co.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.