International Journal of Economics, Finance and Management Sciences

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Financing Mechanism for Social Long-Term Care Insurance: A Theoretical Analysis Framework

Received: Jan. 13, 2020    Accepted: Jan. 31, 2020    Published: Feb. 13, 2020
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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.

DOI 10.11648/j.ijefm.20200801.15
Published in International Journal of Economics, Finance and Management Sciences ( Volume 8, Issue 1, February 2020 )
Page(s) 39-48
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This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Social Long-term Care Insurance, Financing Mechanism, Financing Elements

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.
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    Sun Jie, Hu Xinyi, Jiang Yuezhu. (2020). Financing Mechanism for Social Long-Term Care Insurance: A Theoretical Analysis Framework. International Journal of Economics, Finance and Management Sciences, 8(1), 39-48. https://doi.org/10.11648/j.ijefm.20200801.15

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    ACS Style

    Sun Jie; Hu Xinyi; Jiang Yuezhu. Financing Mechanism for Social Long-Term Care Insurance: A Theoretical Analysis Framework. Int. J. Econ. Finance Manag. Sci. 2020, 8(1), 39-48. doi: 10.11648/j.ijefm.20200801.15

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    AMA Style

    Sun Jie, Hu Xinyi, Jiang Yuezhu. Financing Mechanism for Social Long-Term Care Insurance: A Theoretical Analysis Framework. Int J Econ Finance Manag Sci. 2020;8(1):39-48. doi: 10.11648/j.ijefm.20200801.15

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  • @article{10.11648/j.ijefm.20200801.15,
      author = {Sun Jie and Hu Xinyi and Jiang Yuezhu},
      title = {Financing Mechanism for Social Long-Term Care Insurance: A Theoretical Analysis Framework},
      journal = {International Journal of Economics, Finance and Management Sciences},
      volume = {8},
      number = {1},
      pages = {39-48},
      doi = {10.11648/j.ijefm.20200801.15},
      url = {https://doi.org/10.11648/j.ijefm.20200801.15},
      eprint = {https://download.sciencepg.com/pdf/10.11648.j.ijefm.20200801.15},
      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.},
     year = {2020}
    }
    

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    AU  - Jiang Yuezhu
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    JF  - International Journal of Economics, Finance and Management Sciences
    JO  - International Journal of Economics, Finance and Management Sciences
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    PB  - Science Publishing Group
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    UR  - https://doi.org/10.11648/j.ijefm.20200801.15
    AB  - 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.
    VL  - 8
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Author Information
  • Social Security, School of Insurance and Economics, University of International Business and Economics, Beijing, China

  • Science of Finance, School of Insurance and Economics, University of International Business and Economics, Beijing, China

  • Labor Economics, School of Insurance and Economics, University of International Business and Economics, Beijing, China

  • Section