Haitong Securities released a research report stating that from 2010 to 2023, the total health expenditure in China has maintained a growth trend, and its proportion of GDP has continued to rise, but there is still room for improvement compared to developed countries. Among them, the proportion of government health expenditure in fiscal spending shows an upward trend, with the government bearing the subsidy responsibility for social insurance expenditures; the proportion of personal expenditure in health costs is relatively high, placing a heavy burden on residents' medical expenses. In the future, the proportion of personal health expenditure in total health expenditure is expected to show a slow declining trend