In 2023, the revenue of Urban Workers Basic Medical Care Insurance in China stood at 21.80 hundred billion yuan renminbi. For the year 2024, the revenue is forecasted at 23.38 hundred billion yuan, representing a 7.2% year-on-year increase. This trend continues with forecasted values for 2025 at 25.01 hundred billion yuan (7.0% YoY increase), 2026 at 26.63 hundred billion yuan (6.5% YoY increase), 2027 at 28.23 hundred billion yuan (6.0% YoY increase), and 2028 at 29.81 hundred billion yuan (5.6% YoY increase). Over the last five years, the Compound Annual Growth Rate (CAGR) is projected at 5.7%.
Key trends to watch for in the future include the aging population effect, increased healthcare utilization, policy changes impacting insurance premiums and coverage, and technological advancements in medical care influencing cost structures.
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