The new rural cooperative medical system is not a savings account in the traditional sense. It is not a farmer's private account. The funds inside will not be returned to farmers because they have not been used for one year, nor will they become invalid. On the contrary, the money flows into a huge pool of public funds, which is pooled with donations from other farmers and becomes a powerful resource.

What is the new rural cooperative medical system as follows:

The new rural cooperative medical system refers to the system of mutual medical assistance and economic assistance for farmers, which is organized, guided and supported by the government, with farmers participating voluntarily and funded by individuals, collectives and the government. The system was officially launched in 2003. Compared with the traditional rural cooperative medical system before 1980s, the new rural cooperative medical system is an economic system of mutual medical assistance for farmers, which is organized, guided and supported by the government, with farmers participating voluntarily, and funded by individuals, collectives and the government. Implementing the new rural cooperative medical system is an important measure to solve the "three rural issues", which is conducive to providing basic medical security for farmers, reducing their medical burden and alleviating the problems of poverty and difficulty in seeing a doctor due to illness in rural areas. It takes the form of individual donations, collective support and government funding to raise funds. 20 18 after the reform of government institutions, the new rural cooperative medical system was transferred to the national medical insurance bureau for implementation.

To sum up, rural cooperative medical insurance is a medical security system created by Chinese farmers themselves, which plays an important role in ensuring farmers to obtain basic health services and alleviating poverty caused by illness and returning to poverty due to illness.

Legal basis:

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

Article 25

The state establishes and improves the basic medical insurance system for urban residents. The basic medical insurance for urban residents combines individual contributions with government subsidies. People who enjoy the minimum living guarantee, disabled people who have lost their ability to work, elderly people and minors over 60 years old in low-income families, etc. , subsidized by the government.