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CN NHSA: Long-term Care Insurance Boosts RMB60B+ in Social Capital Investment Since 2016 Pilot
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The establishment of the long-term care insurance system has given rise to new business formats and models, such as the development, production, and leasing of assistive devices, assessment work of disability level, and participation of social forces in management, Wang Wenjun, Deputy Director of the National Healthcare Security Administration (NHSA), stated at a press conference held by the State Council Information Office.

Since the pilot in 2016, long-term care insurance has driven social capital investment in related industries exceeding RMB60 billion, creating new economic growth points, preliminary statistics showed.

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