China’s National Healthcare Security Administration (NHSA) has released its 2024 “Healthcare Security Development Statistical Bulletin.” The report reveals that by the end of 2024, over 1.33 billion people were enrolled in Basic Medical Insurance (BMI) schemes, maintaining a coverage rate of over 95%. Maternity insurance participation reached 252.98 million, an increase of 3.9 million from the previous year.<\/p>\n\n\n\n
Financial Overview<\/strong> Inter-Provincial Settlements<\/strong>
The total income for BMI funds, including maternity insurance, reached RMB 3.481 trillion (USD 479.4 billion) in 2024, while expenditures amounted to RMB 2.9676 trillion (USD 408.7 billion). Maternity insurance fund benefits expenditure rose by 33.92% year-on-year to RMB 143.2 billion (USD 19.7 billion). The combined efforts of BMI, major illness insurance, and medical assistance provided healthcare access to 218.3 million low-income rural residents, reducing their medical cost burden by RMB 196.2 billion (USD 27 billion).<\/p>\n\n\n\n
By year-end, there were 644,000 inter-provincial networked designated pharmaceutical institutions, including 230,300 medical institutions and 413,700 retail pharmacies. Outpatient expenses settled across provinces for 143.4 million people, a 27.37% increase year-on-year, involving RMB 158.7 billion (USD 21.9 billion), up 17.43% YOY. Hospitalization expenses were directly settled for 224 million people, up 90.18% YOY, with RMB 36.1 billion (USD 5 billion) in related expenses settled, a 94.36% YOY increase.<\/p>\n\n\n\n