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China's basic medical insurance fund reports balance of 2.7t yuan

Updated: Mar 30,2020 08:34 PM    Xinhua

BEIJING — China's basic medical insurance fund reported an accumulated balance of nearly 2.7 trillion yuan (about $382 billion) by the end of 2019, according to the National Healthcare Security Administration.

More than 1.35 billion people were covered by the basic medical insurance system by the end of 2019, covering over 95 percent of the country's population, said a report issued on March 30 by the administration.

The number of urban employees covered by the basic medical insurance system reached 329.3 million, an increase of 3.9 percent year-on-year, according to the report.

In the meantime, about 1 billion rural and non-working urban residents were covered by the system, dropping 0.3 percent from the previous year, showed the report.

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