Universal Coverage! My Country Accelerates the Establishment of Long-term Care Insurance System

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People’s Financial News, March 25 — The General Office of the CPC Central Committee and the State Council issued the “Opinions on Accelerating the Establishment of a Long-term Care Insurance System” on March 25, which clearly states the need to establish a long-term care insurance system that is suited to China’s basic national conditions, covers all citizens, coordinates urban and rural areas, is fair and unified, safe and standardized, and sustainable. The long-term care insurance system is a social insurance system that provides services or financial support for the basic daily care of disabled individuals and related medical care. It is an important part of China’s social security system and a key component of the national strategy to actively address population aging. The opinions include measures to establish policies and systems for urban-rural integration, create a stable and sustainable funding mechanism, implement fair and appropriate benefit guarantees, and develop scientific and standardized management and operational mechanisms. (Xinhua News Agency)

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