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China to tighten supervision of medical insurance funds

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China to tighten supervision of medical insurance funds

Insurance

According to a draft regulation issued by the administration to solicit public opinions, the use of such funds must be put under strict supervision to protect the legitimate rights and interests of relevant parties.

The draft asked relevant authorities to exercise supervision over hospitals, pharmacies, doctors, pharmacists and beneficiaries under the insurance programme, stipulated methods and content of the supervision.

Violators will be subjected to punishments ranging from a warning, confiscation of illegal gains and fines to suspension or termination of service qualifications or contracts as well as placing them on a credit blacklist.

Other punishments include suspension of practices and revocation of practice licences or even criminal penalties.

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