国君医药|1-10月医保统筹收入稳增长,支出增速收窄

Investment Rating - The report indicates a stable growth in the medical insurance fund with a positive outlook for the industry [1][2]. Core Insights - The medical insurance fund's income for January to October 2024 reached 23,065.07 billion yuan, reflecting an 8.9% increase year-on-year, with urban employee contributions growing by 6.2% and rural resident contributions by 13.8% [1]. - Total expenditures for the same period amounted to 19,165.88 billion yuan, also an 8.9% increase, with urban employee expenditures rising by 16.1% and rural resident expenditures only increasing by 1.1% [2]. - The cumulative surplus of the medical insurance fund for January to October was 3,899 billion yuan, resulting in a surplus rate of 16.9% [2]. Summary by Sections Income - The medical insurance fund's income for January to October 2024 was 23,065.07 billion yuan, up 8.9% year-on-year. Urban employee contributions totaled 14,320.50 billion yuan (+6.2%), while rural resident contributions reached 8,744.57 billion yuan (+13.8%). October's income was 2,897.48 billion yuan, showing a significant increase of 32.9% [1]. Expenditure - Total expenditures from January to October were 19,165.88 billion yuan, marking an 8.9% increase. Urban employee expenditures were 10,699.48 billion yuan (+16.1%), while rural resident expenditures were 8,466.40 billion yuan (+1.1%). In October, expenditures were 1,586.75 billion yuan, down 5.7% year-on-year [2]. Surplus - The medical insurance fund's cumulative surplus for the first ten months was 3,899 billion yuan, with a surplus rate of 16.9%. The monthly surplus for rural residents turned positive in September and October, with surpluses of 284 billion yuan and 834 billion yuan, respectively [2][3].