What is the function and significance of social insurance?

After the international financial crisis in 2008, the central government further accelerated the pace of social security system construction, expanded social assistance, promoted universal medical insurance, established a universal pension system, and built affordable housing on a large scale. Social security has rapidly benefited the whole people, and China's economy has not fallen into a downturn with the world economy.

Moreover, because the worries of urban and rural residents have been greatly alleviated, domestic consumption has grown steadily, taking the lead in stabilizing and rebounding, and then running on the track of rapid development. Social security has released powerful positive energy to promote economic and social development.

Meaning:

China's economic development has entered a new normal, and the pace of economic restructuring and development mode transformation has accelerated, which requires strong support from a mature and stereotyped social security system. Modern social security system not only maintains social stability and people's life, but also plays an important role as a booster for economic development and a stabilizer for economic operation.

Extended data

The social insurance system should properly handle the following four relations:

The first is the relationship between welfare growth and responsibility sharing. Welfare growth is the reasonable demand of urban and rural residents and the mission of governments at all levels, but the welfare responsibility must be reasonably shared by the government, enterprises, individuals and society. Otherwise, the imbalance of responsibilities will inevitably lead to the unsustainable system.

The second is the relationship between respecting the development law of social security system and respecting China's national conditions. We can neither surpass the actual national conditions on the grounds of following the law of institutional development, nor distort the system on the grounds of actual national conditions, and we must give rational consideration to both.

The third is the relationship between government leading and giving play to the role of market and society. Government-led is the foundation to ensure the fairness and inclusiveness of the social security system, but the boundary of government responsibility should be clearly defined, and under the principles of fairness, mutual assistance and economic assistance, public policies should be used as much as possible to mobilize market and social forces, and the material foundation and service capacity of social security should be continuously expanded.

The fourth is the relationship between basic guarantee and supplementary guarantee. We should first locate the goal and level of the basic security system, and then create conditions to develop supplementary security and market-oriented services.

People's Daily-People's Daily: Social Security Releases Powerful Positive Energy