What is the significance of social security? What is the meaning of labor security? Is there a relationship between them? Is labor security the same as medical insurance?

Social insurance is a social security system established by the state through legislation. Its purpose is to enable workers to get material help from society (country) when they lose their ability to work or employment due to old age, illness, disability, death, unemployment and other reasons, and their families lose their livelihood.

Social insurance is the social responsibility of the state to workers, which is compulsory, indemnificatory, welfare and universal. It plays an important role in safeguarding the legitimate rights and interests of workers, ensuring their basic livelihood, promoting the rational flow of labor, reducing the burden on enterprises, promoting fair competition among enterprises, maintaining social stability and promoting social and economic development.

Simply put, social security is the abbreviation of social security, the content of social security is labor security, and medical insurance is a kind of social security.