Preferential tax policies for health insurance are expected to be issued within this year

Source: Shanghai Securities News reported on December 3, 2014 that the Ministry of finance is expected to issue preferential tax policies for health insurance within this year This policy is a milestone for the development of China's life insurance industry In an interview with reporters, Song Fuxing, President of human health and health insurance, said that in the future, commercial health insurance will continue to maintain the most dynamic and fast-growing sector in the insurance industry and gradually narrow the gap with property insurance and life insurance By 2020, China's commercial health insurance premium is expected to reach 700 billion -10000 Billion yuan, becoming one of the three major business sectors in parallel with property insurance and life insurance From the current situation, as the supplement of basic medical insurance and endowment insurance for residents, the public's willingness to purchase is not strong The industry has been expecting to learn from international experience and leverage this market demand through tax policy Data shows that in 2013, China's commercial health insurance premiums reached 112.35 billion yuan, an increase of 30.2% year on year; from January to July 2014, the premiums reached 100.5 billion yuan, an increase of 51% year on year Nearly 100 insurance companies have launched commercial health insurance business, with more than 2200 products registered for sale Since 2009, commercial health insurance has paid more than 2100 billion yuan of compensation Obviously, there is still a big gap between the development of commercial health insurance and the people's health insurance needs The proportion of commercial health insurance premium in total premium is less than 7%, while that in mature market is generally 20% - 30%; the proportion of health insurance expenditure in total expenditure of medical and health care is less than 2%, while that in developed countries is generally about 10% In the face of the growing demand for health insurance, commercial health insurance needs more efforts There is no doubt that the preferential tax policy is generally considered to be a lever to leverage the demand of commercial health insurance "Generally speaking, increasing tax subsidies will increase the coverage of health insurance." Zhu Minglai, a professor at Nankai University, told reporters At present, most governments adopt tax support policies to encourage and stimulate the demand and purchase of health insurance, among which the United States has become the country with the largest tax preferential policies due to the limited coverage of basic medical insurance According to the current development situation, the aging and urbanization of China's population are accelerating, the disease spectrum is undergoing profound changes, and the personalized and diversified health needs of the people are growing rapidly Therefore, health insurance and health management services such as medical treatment, disease, nursing and disability are faced with great opportunities for development once the preferential tax policies are implemented.