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Centre for Policy on Ageing | |
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Financing long-term care
— an intragenerational social insurance model | | Author(s) | Yung-Ping Chen |
| Journal title | The Public Policy and Aging Report, vol 9, no 3, 1998 |
| Publisher | National Academy on an Aging Society, Washington, DC, 1998 |
| Pages | pp 1, 4-6 |
| Keywords | Organisation of care ; Services ; Health services ; Long term ; Finance [care] ; Social security [generally] ; United States of America. |
| Annotation | Financing long-term care (LTC) in the US is becoming an increasingly significant challenge to public policy. Traditional "pay-as-you-go" (PAYG) social insurance such as Social Security and Medicare are premised on intergenerational transfers: the present working generation funds benefits for the current generation of older people (who have already contributed to the system). Such a system works well when the population and economy are growing to the extent that taxes and benefits keep up with each other. A combination of slow economic growth and an ageing population causes financial strain. The author proposes an intragenerational social insurance, "Social Security / Long-Term Care" which would provide a basic level of long-term care protection. (RH). |
| Accession Number | CPA-981117222 A |
| Classmark | P: I: L: 4Q: QC: TYA: 7T |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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