Companies Face Obstacles in Path to Offering More Health Insurance Options

(Beijing) – Policy support is expected to boost China's fledgling commercial health insurance sector this year, making it an important supplement to the country's heavily burdened social security system.

The good news came in November when the State Council, the cabinet, issued guidelines on accelerating development of commercial health insurance. A month later, the chairman of the China Insurance Regulatory Commission (CIRC), Xiang Junbo, said that preferential tax policies would be granted to the sector.