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Social Security and Medicare are bundled together
The relationship between social security and health insurance is actually a subordinate relationship, that is to say, social security is the five social insurance, including health insurance, collectively. Social security includes: pension insurance, medical insurance, work injury insurance, unemployment insurance and maternity insurance, is an important part of China's social security system. Medical insurance, i.e. social medical insurance, is a social insurance system set up by the state and society in accordance with certain laws and regulations to provide workers within the scope of coverage with protection for their basic medical needs in the event of illness. The basic medical insurance fund consists of a coordinated fund and an individual account; the basic medical insurance premiums paid by individual workers are all credited to the individual account, and the basic medical insurance premiums paid by employers are divided into two parts, one of which is allocated to the individual account and the other is used to establish a coordinated fund.
Legal Objective:The second article of the Social Insurance Law, the state establishes a social insurance system of basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance and other social insurance systems, to protect the citizens' rights to obtain material assistance from the state and society in accordance with the law in the event of old age, illness, industrial injury, unemployment and maternity, etc.
This is the first time that the state has established a social insurance system in China.
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