Caixin
Aug 20, 2022 06:41 PM
ECONOMY

Beijing to Reduce Medical Insurance Funds Paid Into Workers’ Accounts

What’s new: Starting Sept. 1, the municipality of Beijing will reduce the share of medical insurance funds deposited into the personal accounts of urban workers, joining a growing list of provincial-level regions that have adopted similar reforms.

The new rules will also no longer allow participants in the scheme to withdraw funds from their personal accounts at will, the Beijing Municipal Medical Insurance Bureau announced on Friday.

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