Investment Rating - The report maintains a rating of "stronger than the market" for the industry [6] Core Viewpoints - The draft of the Medical Security Law focuses on financing mechanisms, the division of responsibilities among stakeholders, and management supervision, indicating a clearer boundary of responsibilities in future medical insurance operations [5] - The overall number of articles in the draft has been reduced from 70 to 50, with significant changes in expression, deletions, and additions [3][4] Summary by Sections Changes in Expression - Article 2 removes content related to price management, bidding procurement, and medical services - Article 12 adds that the standards for basic medical insurance benefits should support the development of a hierarchical diagnosis and treatment system - Article 15 encourages employers to establish supplementary medical insurance for employees - Article 20 introduces principles of balancing income and expenditure, timely adjustments to financing or benefit policies in case of payment difficulties, and promotes provincial coordination of basic medical insurance [4] Deletions - Several articles related to commercial health insurance, charitable medical assistance, long-term care insurance, and drug collection functions have been removed [5] Additions - New articles emphasize the responsibility of citizens for their health, the establishment of a long-term mechanism for insurance participation, and the need for evidence-based medicine and economic evaluations for drugs in the insurance catalog [5]

Group 1 - The core viewpoint of the article emphasizes the integration of reform and rule of law, highlighting the importance of high-quality legislation to support the overall work of the Party and the state [1] - The legislative plan includes key areas such as high-quality development and the establishment of a high-level socialist market economy, with specific drafts like the National Development Planning Law and Financial Law [1] - The plan also focuses on enhancing government self-construction and advancing lawful administration, proposing regulations for government data sharing and revising administrative regulation procedures [1] Group 2 - In the context of implementing the strategy of invigorating the country through science and education and building a strong socialist culture, the plan includes revisions to the Trademark Law and the establishment of a National Reading Promotion Regulation [1] - To improve public welfare and enhance the quality of life for citizens, the legislative agenda lists drafts for the Social Assistance Law, Medical Security Law, and revisions to the Road Traffic Safety Law [1]