Shaoxing medical insurance co-ordination fund is about 280,000 per year. The role of medical insurance: it is conducive to improving labor productivity and promoting the development of production. Adjust income differences and reflect social equity. Medical insurance is an important means for the government to adjust the income difference and redistribute income by collecting medical insurance premiums and paying medical insurance service fees. An important guarantee for maintaining social stability. Medical insurance helps patients economically, helps to alleviate social instability caused by diseases, and is an important mechanism to adjust social relations and social contradictions. An important means to promote social civilization and progress. The social system of medical insurance and social mutual assistance is to share the risk of medical expenses among the insured, which embodies the new social relationship of "one party is in trouble and all parties support" and is conducive to promoting social civilization and progress. An important guarantee for promoting economic system reform, especially the welfare reform of state-owned enterprises.

People's Republic of China (PRC) social insurance law

Twenty-third employees should participate in the basic medical insurance for employees, and employers and employees should pay the basic medical insurance premiums in accordance with state regulations.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic medical insurance for employees and other flexible employees can participate in the basic medical insurance for employees, and individuals pay the basic medical insurance premium in accordance with state regulations.

Article 24 The state establishes and improves the new rural cooperative medical system.

Measures for the administration of the new rural cooperative medical system shall be formulated by the State Council.