CITIC Securities: Multiple departments intensify policies, accelerating the marginal development of long-term care insurance

CITIC Securities’ research report says that on March 26, eight departments including the National Healthcare Security Administration issued the “Implementation Plan for Accelerating the Establishment of a Long-Term Care Insurance System.” At present, the rollout of long-term care insurance policies aligns with earlier judgments: the medical and health industry is set to gain another major incremental payer beyond commercial health insurance. The industry chain is expected to transform toward senior care and long-term care. Valuation frameworks may improve, and investors are advised to focus on leading companies in senior care equipment, long-term care insurance, and service providers.