China says medical insurance fund in the black, responding to concerns | U.S. & World

Written by on July 23, 2022

By Xie Yu

HONG KONG (Reuters) - China's national medical insurance fund ran a small surplus last year, a healthcare authority said on Saturday, a rare disclosure following public concern that the fund was losing money due to massive COVID-19 tests.

The fund received 2.88 trillion yuan ($441 billion) in income in 2021 while spending 2.4 trillion yuan, the National Healthcare Security Administration said in a statement on its website.

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