Establishment Of China's Long-term Care Insurance System

With the aging of the population is sweeping the globe,it brought out more social problems by the increasingly of aging. On The one hand, the weakening of family functioning is difficult to meet the rapidly increasing demand for elderly care, On the other hand, the huge cost of medical expenses and professional care to the elderly has brought enormous economic burden. More and more countries are beginning to face a heavy social pressure.In the 1970s, The American pioneered the aged care insurance business to alleviate the social burden. After that, western countries and Japan have established a long-term care insurance system. Currently, long-term care insurance in the United States, Germany, Japan and other countries have developed more mature, social care insurance and care insurance business has been formed into the two models.As a country gets the huge population, China faces more severe challenges. The aging of our country have the feature of absolute large, rapid burst, and the particularity of the regional imbalance. In the end of the 1970s, China began implementing the family planning policy. This makes the increasingly sizes of family much smaller, and the high frequency of the empty nest phenomenon. Coupled with China's social security system is not sound, long-term care is difficult to match demand and supply. If these problems are not handled properly, it may result in not only by the economic crisis for the families, but also could give a serious negative effect on society. Therefore, refer to the advanced experience from foreign country and combine with the situation of China, exploring and establishing long-term care insurance system in China will be the subject of great practical significance.For this essay, it will outline about the background and development of long-term care insurance system firstly. After that, the essay will introduce about the country that have the more features in the development of long-term care insurance, like the United States and Japan, Through comparative analysis of data from these two countries, it can be the valuable experience for our country. Again, the article will analysis the necessity and feasibility on our long-term care insurance system. Finally, to combine with the actual situation of China's, it will make a suggestion of our long-term care insurance system from multi-dimensional construction.