According to the National Healthcare Security Administration's recent report, China's medical insurance fund maintained a balance between its income and expenditures in 2024, concluding the year with a modest surplus that underpins its safety and sustainability. The total revenue for the national basic medical insurance fund reached an impressive 3.48 trillion yuan (approximately $475 billion), reflecting a 4.4 percent increase from the previous year.
In terms of expenditures, the fund recorded a total outflow of 2.97 trillion yuan, which signified a 5.5 percent rise year-on-year. Over the last year, advancements have also been made in both outpatient care and maternity insurance. The administration highlighted that there were 6.7 billion outpatient visits covered under the basic medical insurance scheme, showcasing a 19 percent increase compared to the previous year. Meanwhile, the maternity insurance fund saw expenditures of 143.2 billion yuan, a substantial rise of 33.9 percent from 2023.
8 Comments
BuggaBoom
All this talk about surpluses and sustainability, but millions still struggle to afford basic healthcare.
KittyKat
The report doesn't mention the rising cost of prescription drugs. How can people afford them when their insurance barely covers anything?
Noir Black
Maternity insurance spending is up 33.9%? Great, but who's paying for it? The rest of us, through higher premiums and reduced coverage.
Loubianka
This report is a step in the right direction towards achieving universal healthcare in China.
Donatello
The substantial increase in maternity insurance spending shows that the government is committed to supporting families.
Raphael
The increase in revenue shows that more people are contributing to the fund, which makes it stronger and more secure.
Leonardo
Investing in outpatient care and disease prevention is a smart way to keep people healthy and reduce future costs.
Michelangelo
Outpatient visits increased by 19%? That just means more people are getting sick, not that the system is improving.