Medical reform has new ideas medicine shares offensive and defensive

The information released by the State Council meeting is good for the pharmaceutical industry as a whole, on the one hand, the expansion of health insurance coverage and the improvement of the level of health care increased the demand for drugs; On the other hand, the promulgation of the basic drug system will help to eliminate the uncertainties of industry development.　　Pharmaceutical stocks are expected to become both offensive and defensive investment varieties. Wen Jiabao, the premier of the State Council, 8th presided over a State council executive meeting to Ye Songtao the reform of the medical and health system.　　The meeting stressed that this year is the beginning of the deepening reform of the medical and health system, we must focus on key tasks, grasp the critical link, clear responsibility objectives, and earnestly implement, to ensure that a good bureau, a good step. It was pointed out that the following work should be done: (i) to further expand the coverage of basic medical insurance, the number of urban workers and residents in the basic medical coverage of 390 million people, compared with the previous year, a total of 72 million; (b) Improve the level of basic medical care, appropriately raise the maximum payment limit and hospitalization expenses reimbursement ratio, increase the strength of medical assistance. (iii) Issuance of the National Essential Medicines Catalogue, which was implemented by the end of the year in 30% of the Urban Community Health Service and County (district) Governments to implement the basic drug system. (iv) Strengthening the construction of primary medical and health institutions. (e) To strengthen the construction of a primary health care team with a focus on general practitioners, and to organize more than 900 three-level hospitals to establish long-term counterpart partnerships with 2000 county-level hospitals. (vi) To improve the Government's staff and operational funding policies for primary health care institutions, and to implement the performance pay system for primary health care providers. (vii) To implement public health projects involving a wide range of factors affecting the health of the whole population. Set up 9 basic public health service projects, such as health files for residents. Continue to implement the 15 years of age to replant hepatitis B vaccine and other major public health services projects. To implement the basic public service expenditure of not less than 15 yuan per capita.　　(eight) steadily promote the reform of public hospitals, adjust the layout and structure of public hospitals, reform the compensation mechanism of public hospitals, and explore the effective forms of the separation of the management offices. To further expand the coverage of basic medical insurance in line with the expected 2006-2008 is the basic health care for rural residents, that is, the rapid expansion of new rural coverage period, 2008 has reached 90% of the rate of the urban residents of basic medical insurance coverage started slightly later than the new agricultural, according to the new goal of health reform,　　By 2010 the insured rate to reach more than 90%, we calculate, the number of insured will be increased by 2.32 times times compared with 2008, the composite growth rate reached 52.31%. With the continuous improvement of social security system, the coverage of social insurance continues to expand, and urban workers ' basic medical insurance coverage is gradually increasing.　　According to the new health reform target, by 2010, the number of insured will increase from 200 million in 2008 to 264 million people, the compound growth rate reached 14.79%. The State Council executive meeting put forward, "this year, urban workers and residents of the basic medical insurance coverage to 390 million people, thanA total of 72 million new people were added last year; 6.07 million to close the retirement of bankrupt state-owned enterprises. The start of the Community Health Service Center (station) began in 2006, with a rapid growth of about 29,000 in 2008, and a significant increase in the number of attendances and admissions. According to the new medical reform target, the number of Community health service Centers (stations) will increase significantly in the next 3 years since 2009,　　In 3 years nationwide, 3700 Community health service centers and 11,000 community health stations will be built or rebuilt, and the central government supports the construction of 2400 community health service centers in difficult areas and basically realizes the full coverage of urban Community health service. The double effect of "increasing the number of insured persons + the number of Community health service centers" has already appeared. According to the southern data, 2008 community drug market size reached 13.5 billion yuan, an increase of 31.8%. The community drug market will grow at least 3-4 times over the next 3 years, according to the new medical reform goal. The list of essential drugs is published at the meeting to launch the National Basic Drug catalogue this year, before the end of 30% of the urban Community Health service agencies and counties (district) government run primary health care institutions to implement the basic drug system.　　This provides two points of information: first, a clear plan for the second half of the year, indicating that the basic drug system is imminent; second, the details of the basic drug system has yet to be perfected in practice, first in the need to implement and easy to implement some of the primary health care institutions, which is the previous market rumors of the "Small catalogue" scheme The valuation premium of the pharmaceutical industry has gradually lowered the demand of the plate. The information released by the State Council meeting is good for the pharmaceutical industry as a whole, on the one hand, the expansion of health insurance coverage and the improvement of the level of health care increase the demand for drugs; Whatever the specific content, it is beneficial to reduce the market's understanding of the pharmaceutical sector "variance." Also the value of the note is that the 10th Guilin three-gold listing may pull high on the pharmaceutical plate valuation. The current pharmaceutical plate valuation relative to the market gradually reduce the premium, only about 25%, plate investment security marginal increase. We believe that there must be a need for the plate to rise. The main recommended southwest synthesis, consistent pharmaceutical, Renhe pharmaceutical, Jiang Chinese Medicine industry, tasly and other stocks. Author Unit: Changjiang Securities