China People's Insurance Company cancelled the external use of medical insurance for the following reasons:

1. External medical insurance is a kind of insurance with low premium and high coverage, and its cost performance and benefit are not high. The insurance company may lose a lot of money.

2. External use of medical insurance is an adjuvant therapy drug, not a necessity. Moreover, the drug price is high, the dosage is large, and the medical insurance expenditure also increases accordingly. In order to control the medical insurance expenditure and ensure the sustainable development of the medical insurance fund, PICC decided to cancel the external use of medical insurance.