Social Security is the first distribution

Initial distribution, or initial income distribution. In social distribution, the initial distribution focuses on efficiency and is based on contribution. That contribution includes various factors that are beneficial to the creation of profit, such as capital, technology, management, means of production, labor, information, market, marketing, etc. Whoever can contribute by utilizing these factors will get a share of the pie. In this way group efforts are made and efficiency is increased.

Social security is actually what we call social insurance, which is an important part of the social security system. It is a system of income and compensation provided for loss of labor capacity, temporary loss of labor position or loss due to health reasons. Social insurance specifically includes five items such as the basic pension insurance system, the basic medical insurance system, the industrial injury insurance system, the labor injury insurance system, the maternity insurance system, etc., which are collectively known as the five insurance. Social insurance has three main functions:

1. The first one is the function of stabilizing social life;

2. The second one is the function of redistribution;

3. The third one is the function of promoting social and economic development.

A country's level of medical insurance level, the overall view must be commensurate with the level of economic development. If the overall level of medical insurance lags behind the economic and social development, the effective needs of the masses are not satisfied, affecting the public sense of obtaining, and affecting social consumption and thus affecting the balance of social supply and demand relations. On the other hand, if it exceeds the capacity of economic and social development to support it, medical insurance may become water without a source and fall into a welfare trap that is difficult to sustain. From the viewpoint of material dialectics, medical security and economic and social development level of complete adaptation is usually only theoretical, the real world is generally manifested in the process of adaptation from not adapting to adapt to not adapting to adapt to adapt to the continuous dynamic adjustment process. In this process, economic and social development has a dominant, medical security has a subordinate.

Legal basis:

The Social Insurance Law of the People's Republic of China

Article 2 The state establishes a system of social insurance such as basic old-age pension insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, and guarantees the right of citizens to obtain material assistance from the state and society in old age, sickness, industrial injury, unemployment and maternity, etc., in accordance with the law. and society in cases of old age, sickness, industrial injury, unemployment and maternity, in accordance with the law.

Article 3 The social insurance system adheres to the policy of broad coverage, basic protection, multi-level and sustainability, and the level of social insurance shall be commensurate with the level of economic and social development.

Article 12 Employing units shall pay basic pension insurance premiums in accordance with the proportion of the total wages of the employees of the unit as prescribed by the State and credited to the basic pension insurance co-ordination fund.

Employees shall contribute to the basic pension insurance premiums in accordance with the proportion of their own wages prescribed by the State and credited to their individual accounts.

Individual industrial and commercial households without employees, part-time workers who have not participated in the basic pension insurance in the employing organization, and other flexibly employed persons participating in the basic pension insurance shall pay the basic pension insurance premiums in accordance with the state regulations, which shall be credited to the basic pension insurance general fund and the individual account respectively.