News China25 Sep 2020

Proposed basic medical insurance reform will channel funds from individual accounts to communal pool

| 25 Sep 2020

The Chinese government's plan to reform the Urban Employee Basic Medical Insurance (UEBMI) scheme will redirect half of the contributions in the scheme's individual accounts-that amount to around CNY300bn annually-to the social accounts to reimburse more outpatient costs, says Fitch Ratings.

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