Problems and Prospects in Medical Insurance System Development

Abstract

China has experienced remarkable economic growth since its reform and opening-up; the gross domestic product and residents' disposable income have both increased, and the disparity in income distribution has also come to light and become a common concern for all facets of Chinese society. China has already surpassed low-income nations in terms of income level. The level of national welfare should be raised even when the economy is expanding with excellent quality. This essay talks about how China's health insurance system has evolved and how it might be improved to better the lives of its citizens. This paper compiles and analyses the development process and policies of health insurance reform. The effectiveness of the program is assessed by examining if it has raised inhabitants' quality of life and reduced the disparity in income. Moreover, The divergence of economic and policy development between urban and rural areas, and, additionally, the government management fragmentation, are two primary challenges encountered in the implementation of the program. These issues are brought on by the economy's stage of development and the long-standing customs of the policy-making process. The social health insurance system must precisely assist special groups, expand fund investment, enhance social security mechanisms, and foster harmony between urban and rural areas in order to fulfill its mission of fostering social fairness.