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China To Tighten Management Of Basic Medical Insurance Fund

This article was originally published in PharmAsia News

Executive Summary

China's Ministry of Finance and Ministry of Human Resources and Social Security have jointly issued an opinion guide on enhancing the management of basic medical insurance fund. This seeks to tighten medical insurance payment management as well as strengthen basic insurance supervision on medical care activities across the country. The document demands that relevant local administration should: conduct budget planning annually; improve accounting and statistical analysis of the fund; get medical insurance institutions to independently set up a consolidated account of prepaid medical premium; expand medical insurance coverage, aiming for over 90 percent participation rate in the next three years; and strengthen insurance collection and audit. China targets to realize city-level medical insurance planning by 2011. (Click here for more - Chinese Language)
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