LONG TERM CARE INSURANCE

Apr 13 2025HEALTH

Insuring the Future: How Long-Term Care Plans Affect Medical Costs in China

In China, the impact of long-term care insurance (LTCI) on medical spending and services is a hot topic. LTCI is designed to cover costs for people who need ongoing care. Different pilot programs have been tested to see how well they work. These programs aim to reduce the financial burden on families and the healthcare system. LTCI is important because it helps peop...

reading time about 1 minute
Mar 03 2025HEALTH

New Rules, Old Traditions: How China's Care Plan is Changing Family Dynamics

China is introducing a big change to how families care for their elderly. The public long-term care insurance (LTCI) scheme is designed to support the growing number of older people needing long-term care. But how does this affect the traditional idea of filial responsibility, where children are expected to care for their aging parents and grandparents? The ...

reading time about 2 minutes
Jan 23 2025BUSINESS

How China's 2016 Long-Term Care Insurance Rollout Affected Workers

China introduced long-term care (LTC) insurance in 2016, aiming to reduce risks for those needing long-term care. This policy's impact on workers with and without informal coverage was examined. Workers eligible for public LTC insurance reduced their work hours and labor participation, suggesting that public insurance helped lessen uninsured risks. However, those wit...

reading time less than a minute