The Study Of Long-term Care Insurance In China

With the serious aging population, China has to find new way to solve it. The development of world wild economy is based on the situation of population while population is a branch of the social economy, influencing and restricting the development of social economy. Long-term care insurance is popular in developed countries, especially in America, German and Japan. This article is emphasized on the model of how to make a good situation for long-term care insurance.Through comparisons with popular international long-term care insurance in developed countries such as America and Japan, this article establishes the fact that long–term care insurance in China is essential. This article also introduces a three-step long term care insurance model that is created especially for the Chinese population.Step one: using commercial long term care insurance; step two: having the government, employers, and employees involved in a combination of social basic long term care insurance and supplementary commercial long term care insurance that strengthens one another; and step three: using compulsory social long term care insurance by government all over the China. For this purpose, eight methods must be carried out: establish the system of risk control in the LTCI market; enhance a good deal of propaganda about LTCI; increase public knowledge of LTCI in general; devote major efforts to developing the group LTCI; improve and perfect nursing facilities and increase the number of caregivers; give energetic support to care at home and care at community; improve the legal systems about LTC and LTCI; enhance specialist training and perfect LTCI policy.