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China Ministry Of Finance To Raise Medical Insurance Subsidies

This article was originally published in PharmAsia News

Executive Summary

China government's medical subsidies for medical insurance and services are set to double in 2008 from the current 40 yuan, with half of the amount funded by the Ministry of Finance. With the establishment of a basic medicare network, more than 700 million farmers have participated in the rural cooperative medical insurance system and 170 million city dwellers have participated in the urban employees' basic medical insurance system. A pilot insurance scheme for unemployed urban residents have also rolled out in 79 cities. The nation's strong economic growth will allow the government to continue raising the subsidies over the next year. The basic medicare is targeted to be made available to every citizen by 2010. (Click here for more)
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