my country has built the world’s largest social security system with basic pension insurance coverage

Our country has built the world's largest social security system with basic pension insurance covering nearly 1 billion people.

Large-amount medical mutual aid funds are a supplementary form to basic medical insurance in order to improve the medical security level of employees and retirees and reduce personal burdens. Supplementary medical insurance is a form of supplementary medical insurance for enterprises to not reduce the existing medical care of employees. The level of benefits is established to ensure the smooth transition of the medical insurance system and is a complementary form to basic medical insurance and large-amount medical mutual aid.

Extended information:

Notes:

Since the establishment of China’s social security system, it has made remarkable achievements through continuous reform and standardized development, effectively ensuring and improving It has improved people's livelihood, enabled all Chinese people to fully enjoy the fruits of economic and social development, and promoted social fairness and justice and coordinated economic and social development. By the end of 2018, all elderly people will basically have access to pension insurance, and universal medical insurance will basically be achieved.

Users need to note that it is the social security plan that covers the largest number of people in the world, both in total and in terms of items. The level of security is gradually improving with economic and social development. In 2018 The total expenditure of various social insurance funds nationwide was 6.72 trillion yuan, an increase of 1.9 times from 2.33 trillion yuan in 2012, ensuring and improving the basic life of the insured people.