China to defer medical insurance payment by MSMEs

BEIJING, June 17– The employer payment of employee medical insurance by micro, small, and medium-sized enterprises in eligible regions across China will be postponed in a phased manner, an official said Friday. With a three-month timeframe, the policy is expected to defer a total payment of around 150 billion yuan to assist MSMEs and stabilize employment, Chen…

BEIJING, June 17 (Xinhua) — The employer payment of employee medical insurance by micro, small, and medium-sized enterprises (MSMEs) in eligible regions across China will be postponed in a phased manner, an official said Friday.

With a three-month timeframe, the policy is expected to defer a total payment of around 150 billion yuan (about 22.4 billion U.S. dollars) to assist MSMEs and stabilize employment, Chen Jinfu, deputy head of the National Healthcare Security Administration, told a press conference.

The eligibility is based on the affordability of medical insurance funds by localities under unified national management, Chen said. Enditem

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