The employer payment of employee medical insurance by micro, small, and medium-sized enterprises (MSMEs) in eligible regions across China will be postponed in a phased manner, an official said Friday.
Staff members work at a workshop in an industry park in Qingpu District of Shanghai, east China, May 17, 2022. (Xinhua/Zhao Yihe)
With a three-month timeframe, the policy is expected to defer a total payment of around 150 billion yuan (about 22.4 billion U.S. dollars) to assist MSMEs and stabilize employment, Chen Jinfu, deputy head of the National Healthcare Security Administration, told a press conference.
The eligibility is based on the affordability of medical insurance funds by localities under unified national management, Chen said.
