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Twenty-Five Million Chinese People Drop Medical Insurance

According to Caijing Magazine, the number of people paying for medical insurance in China has declined significantly since last year. Among those considered “residents” (i.e. those who are not employees forced to purchase insurance), 25.17 million people dropped their medical insurance. The net change in number of insured individuals in China in 2022 decreased by 17.05 million compared to 2021.  People have blamed the decrease in insurance on fast-increasing insurance premiums and the need for out-of-pocket payment when applying for reimbursement.

Source: Radio Free Asia, October 25, 2023