What is universal health insurance?

Legal analysis: National medical insurance, that is, national basic medical insurance, is a social insurance system established to compensate workers for economic losses caused by disease risks. The medical insurance fund is established through the contributions of employers and individuals. After the insured person has medical expenses, the medical insurance agency will give certain economic compensation to avoid or reduce the economic risks caused by illness and treatment. The basic medical insurance premium is paid jointly by employers and individuals, which embodies the compulsory characteristics of national social insurance and the unity of rights and obligations. The basic medical insurance fund consists of the overall fund used by the society as a whole and the personal account fund dedicated to individuals. All individual contributions are included in individual accounts, about 30% of unit contributions are included in individual accounts, and the rest are set up as a whole fund. Personal account funds are dedicated to my medical expenses, which can be carried forward and inherited, and the principal and interest of personal accounts are owned by individuals.

Legal basis: Article 28 of the Social Insurance Law of People's Republic of China (PRC) conforms to the basic medical insurance drug list, diagnosis and treatment items, medical service facilities standards and emergency and rescue medical expenses, and shall be paid by the basic medical insurance fund according to state regulations.