Industry News | 04.08.26
China Launches Long-Term Care Insurance System to Alleviate Aging Challenges
By NAMSS Staff
Reuters (03/26/26) Master, Farah
China has announced the rollout of a long-term care insurance system that will provide services or financial support for basic nursing and medical care for people with sustained disabilities lasting six months or more. Funding will come from employers, individuals, and government subsidies, with a total contribution rate of roughly 0.3%. Residents in both rural and urban areas will draw from the same fund pool and receive the same benefits, said Wang Wenjun, deputy head of the National Healthcare Security Administration.
Read the full story from Reuters.