A new policy in China is letting us share the money in our health
insurance wallet with our children, parents, grandparents and even siblings nationwide.
One app, one tab, one family safety net.
And how can this digital wallet break the distance between us and our aging parents three provinces away?
And then, the sunscreen review you just saved might be a paid ad.
The unbiased car test you just watched, likely on the brand's payroll.
And China's new rules are trying to clean house,
but can regulation actually rebuild trust between customers, brands and the influencers we used to believe?
Coming to you live from our studios in Beijing, this is Roundtable, I'm Feifei.
And for today's program, I'm joined by Steve Heatherly and Yuxuan in the studio.
And first on today's show.
China's introduced a major upgrade to its medical insurance system.
Workers can now allow family members living in other provinces
and regions to use money from their personal medical insurance accounts.
And the reform expands the family sharing function of China's health care system
and expect it to be fully implemented nationwide by the end of this year.
So today we'll expand on the details of this new reform and more importantly, why it doesn't matter.
Before we get into the details, Steve, I think we also still need to start with the basics.
How does China's medical insurance system work?
Yeah, so imagine a country with 1.4 billion people.