The extension of the time period has increased by 600,000 people.
As the Spring Festival approaches, the news that the insurance period of Beijing Universal Health Insurance has been extended to January 31, 2024 is being transmitted through various channels.
As for why it should be extended, you can look at a set of data first:
In 2022, 3.1 million people will be insured by Beijing Universal Health Insurance, and the insurance period will be from November 1 to December 31 of that year, and the healthy population will account for 8414%（253.690,000 people), and the proportion of people with pre-existing conditions was 1586%（49.170,000 people).
In 2023, the number of people insured by Beijing Universal Health Insurance will be 35080,000 people, the insurance time is from November 1 to December 31 of the same year. There are more than 1.1 million people over the age of 60 and more than 160,000 new citizens.
In 2024, as of January 29, 4.1 million people have participated in Beijing's inclusive health insurance, and the insurance period has been extended by one month to January 31.
The proportion of healthy people and people under the age of 60 who are insured has not yet been disclosed.
From a fundamental point of view, the number of insured people is rising, but the proportion of healthy people is decreasing, and the proportion of high-risk people is rising.
**The Notice on Printing and Distributing the Plan for Promoting the Development of Inclusive Finance (2016-2020) defines inclusive finance as:Based on the requirements of equal opportunity and the principle of business sustainability, we will provide appropriate and effective financial services at affordable costs to all segments of society and groups in need of financial services.
In summary, there are two core requirements for financial inclusionFirst, equality of opportunity, i.e., any potential consumer has access to the financial serviceThe second is business sustainability, that is, financial inclusion is still business in nature, and it needs to achieve the most basic breakeven in order to achieve sustainable operations.
From the perspective of the global financial market, the original intention of inclusive financial products is to take out a part of the profits of commercial operations, and under special circumstances, the territory will allocate a part of the financial funds to serve and cover the groups that cannot be reached by market-oriented financial products and services, and usually need to cover the low-end groups with insufficient purchasing power.
In other words, from the original intention, the middle and high-end people do not need the so-called inclusive financial products, and the further deduction is that if an inclusive financial product is affordable and affordable for the general public, it should not be included in the list of inclusive financial products.
From the perspective of business logic, inclusive finance should be an action after commercial finance matures, because it is more difficult to achieve sustainability than conventional business operations.
Judging from the inclusive health insurance products in recent years, the model is basically the same in various places: financial institutions develop products that are not more cost-effective than traditional commercial insurance (million medical insurance, etc.), and promote them strongly through the endorsement of the territory, and after several years of development or the tug-of-war with consumers, the tendency of adverse selection is becoming more and more obvious.
After all, ordinary consumers do not need this type of insurance, and healthy individuals or standard individuals can choose more cost-effective medical insurance and enjoy better services at the same price, while non-standard bodies or high-risk consumers who are rejected by traditional medical insurance can improve insurance protection, and the extra costs will be shared by the premiums of healthy individuals.
From the perspective of the global market, inclusive finance is not equivalent to low-cost or lowest-level services, taking insurance as an example, overseas inclusive insurance rates are not lower than market-oriented productsBecause to ensure the sustainability of business operations, the risk must be matched with the rate, and the difference between such inclusive products and traditional market-based products is moreThe payment method is more flexible or ** will give certain financial subsidies to consumers who meet the conditions.
Looking back at China's inclusive health insurance, it forcibly balances the cost sharing between standard and non-standard objects in the name of inclusiveness, and in the long run, what is consumed is the reputation and image of the financial industry as a whole.
Universal Health Insurance, the road ahead may be corrected.
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