Zhongnan University of Economics and Law Reports Findings in Sustainability Research (A study on the sustainability assessment of China’s basic medical insurance fund under the background of population aging-evidence from Shanghai): Sustainability Research

Insurance Daily News

2023 JUL 03 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- New research on Sustainability Research is the subject of a report. According to news reporting originating from Wuhan, People’s Republic of China, by NewsRx correspondents, research stated, “As China’s population aging process accelerates, the expenditure of China’s basic medical insurance fund for employees may increase significantly, which may threaten the sustainability of China’s basic medical insurance fund for employees. This paper aims to forecast the future development of China’s basic medical insurance fund for employees in the context of the increasingly severe aging of the population.”

Our news editors obtained a quote from the research from the Zhongnan University of Economics and Law, “This paper taking an empirical study from Shanghai as an example, constructs an actuarial model to analyze the impact of changes in the growth rate of medical expenses due to non-demographic factors and in the population structure on the sustainability of the basic medical insurance fund for employees. Shanghai basic medical insurance fund for employees can achieve the goal of sustainable operation in 2021-2035, with a cumulative balance of 402.150-817.751 billion yuan in 2035. The lower the growth rate of medical expenses brought about by non-demographic factors, the better the sustainable operation of the fund.”

According to the news editors, the research concluded: “Shanghai basic medical insurance fund for employees can operate sustainably in the next 15 years, which can further reduce the contribution burden of enterprises, which lays the foundation for improving the basic medical insurance treatment for employees.”

For more information on this research see: A study on the sustainability assessment of China’s basic medical insurance fund under the background of population aging-evidence from Shanghai. Frontiers in Public Health, 2023;11:1170782. Frontiers in Public Health can be contacted at: Frontiers Media Sa, Avenue Du Tribunal Federal 34, Lausanne, Ch-1015, Switzerland.

The news editors report that additional information may be obtained by contacting Li-Peng Chen, School of Public Administration, Zhongnan University of Economics and Law, Wuhan, People’s Republic of China. Additional authors for this research include Zhi-Qing Yu, Jun-Qiao Qu, Wan-Zong Wu and Yi Zeng.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.3389/fpubh.2023.1170782. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

Publisher contact information for the journal Frontiers in Public Health is: Frontiers Media Sa, Avenue Du Tribunal Federal 34, Lausanne, Ch-1015, Switzerland.