Three Departments: Fees at Fully Market-Oriented Elderly Care Institutions to Be Set by Market Regulation

36Kr learned that the National Development and Reform Commission and two other departments have issued the Guiding Opinions on Further Improving the Price Formation Mechanism and Promoting the Quality and Expansion of Inclusive Elderly Care Services. The document states that fully market-oriented elderly care institutions include all other elderly care institutions apart from safety-net guarantee and inclusive support types. Fees at fully market-oriented elderly care institutions will be governed by market-regulated prices, with fee standards reasonably determined by the institutions based on actual costs, quality, market supply and demand, and other factors. Higher prices for higher quality are encouraged to meet the diverse needs of elderly people.