Financing Mechanism for Social Long-Term Care Insurance: A Theoretical Analysis Framework
International Journal of Economics, Finance and Management Sciences
Volume 8, Issue 1, February 2020, Pages: 39-48
Received: Jan. 13, 2020; Accepted: Jan. 31, 2020; Published: Feb. 13, 2020
Views 317      Downloads 135
Authors
Sun Jie, Social Security, School of Insurance and Economics, University of International Business and Economics, Beijing, China
Hu Xinyi, Science of Finance, School of Insurance and Economics, University of International Business and Economics, Beijing, China
Jiang Yuezhu, Labor Economics, School of Insurance and Economics, University of International Business and Economics, Beijing, China
Article Tools
Follow on us
Abstract
The financing mechanism is an important component of social long-term care insurance, its stability and sustainability have a vital significance in keeping the healthy and efficient operation of social long-term care insurance. In order to carry out an in-depth study on the financing mechanism of social long-term care insurance, this article makes an analysis of each of the links and key points involved in the financing in accordance with the whole process of the social long-term care insurance financing and on the basis of summarizing the existing literature regarding the definition and connotation of the financing mechanism of social long-term care insurance. On such basis, it establishes the financing mechanism element framework of social long-term care insurance, by which it then explores the practices and experiences of the typical countries with social long-term care insurance and the advanced areas of China. Finally, in view of the common points and reform tendency of the construction of foreign countries’ social long-term care insurance financing mechanism, this paper puts forward some policy suggestions for the construction of China’s social long-term care insurance financing mechanism.
Keywords
Social Long-term Care Insurance, Financing Mechanism, Financing Elements
To cite this article
Sun Jie, Hu Xinyi, Jiang Yuezhu, Financing Mechanism for Social Long-Term Care Insurance: A Theoretical Analysis Framework, International Journal of Economics, Finance and Management Sciences. Vol. 8, No. 1, 2020, pp. 39-48. doi: 10.11648/j.ijefm.20200801.15
Copyright
Copyright © 2020 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
References
[1]
Barr N. “Long-Term Care: A Suitable Case for Social Insurance”. Social Policy & Administration, 2010, 44 (4): 359-374.
[2]
Costa-Font J, Courbage C, Swartz K. “Financing long-term care: ex ante, ex post or both?” Health Economics, 2015, 24 (Supplement): 45–57.
[3]
Yang W, Jingwei H A, Fang L, et al. “Financing institutional long-term care for the elderly in China: a policy evaluation of new models”. Health Policy and Planning, 2016, 31 (10): 1391.
[4]
Zhang Huifang, Lei Xiansheng. Research on local practice, experience summary and problems of exploring long-term care insurance in China [J]. Contemporary economic management, 2016, (09): 91-97.
[5]
Lei Peng, Wu Zhuchun. Current situation and thinking on the construction of long-term care system in China -- based on practice exploration in Qingdao, nantong and changchun [J]. China medical insurance, 2016, (02): 23-26.
[6]
Jiang Chongguang. Study on financing model of long-term care plan in Taiwan and its reference significance [D]. Graduate school of Chinese academy of social sciences, 2016.
[7]
Ling Muzi. Research on financing mechanism of China's elderly long-term care insurance [D]. Dongbei university of finance and economics, 2016.
[8]
Deng Dasong, Guo Ting. Analysis on the construction of China's long-term care insurance system -- a case study of Qingdao [J]. Health economics research, 2015, (10): 33-37.
[9]
Wang Fangqi. Long-term care insurance system: breaking the ice in Beijing [N]. China insurance news, 2015-05-21 (002).
[10]
Liu Jintao, Chen Shuwen, 2011. Research on the financing mechanism of long-term care insurance for the aged in China. Journal of dalian university of technology (social science edition), (3): 44-48.
[11]
Chen Chengcheng, 2016. Overview of long-term care insurance in Korea. Civil administration of China (17): 38-41.
[12]
Lv Xuejing, 2014. Financing and cost control measures of Japanese medical insurance. China medical insurance (5): 68-70.
[13]
Sui Xueli, 2016. Analysis on the reform path of German medical insurance financing system — based on the perspective of population aging and family policy. Journal of beihang university (social science edition) (2): 13-19.
[14]
Lei Peng, Wu Zhuochun, 2016. Current situation and thinking of long-term care system construction in China -- based on practical exploration in Qingdao, nantong and changchun. China medical insurance (2): 23-26.
[15]
Wu Ritu, 2015. Deepening the reform of social security system to adapt to the new normal of economic development. National People's Congress of China (3): 36-39.
ADDRESS
Science Publishing Group
1 Rockefeller Plaza,
10th and 11th Floors,
New York, NY 10020
U.S.A.
Tel: (001)347-983-5186