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

Sun Jie; Hu Xinyi; Jiang Yuezhu

doi:doi:10.11648/j.ijefm.20200801.15

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

Sun Jie, Hu Xinyi, Jiang Yuezhu

Published in International Journal of Economics, Finance and Management Sciences (Volume 8, Issue 1)

Received: 13 January 2020 Accepted: 31 January 2020 Published: 13 February 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.

Published in	International Journal of Economics, Finance and Management Sciences (Volume 8, Issue 1)
DOI	10.11648/j.ijefm.20200801.15
Page(s)	39-48
Creative Commons	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), 2020. Published by Science Publishing Group

Keywords

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

References

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[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.
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[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.
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[15]	Wu Ritu, 2015. Deepening the reform of social security system to adapt to the new normal of economic development. National People's Congress of China (3): 36-39.

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APA Style

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://article.sciencepublishinggroup.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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TY  - JOUR
T1  - Financing Mechanism for Social Long-Term Care Insurance: A Theoretical Analysis Framework
AU  - Sun Jie
AU  - Hu Xinyi
AU  - Jiang Yuezhu
Y1  - 2020/02/13
PY  - 2020
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DO  - 10.11648/j.ijefm.20200801.15
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
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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
IS  - 1
ER  -

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Author Information

Sun Jie

Social Security, School of Insurance and Economics, University of International Business and Economics, Beijing, China
Hu Xinyi

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

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

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APA Style

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

Copy | Download

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

Copy | Download

@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://article.sciencepublishinggroup.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}
}

Copy | Download

TY  - JOUR
T1  - Financing Mechanism for Social Long-Term Care Insurance: A Theoretical Analysis Framework
AU  - Sun Jie
AU  - Hu Xinyi
AU  - Jiang Yuezhu
Y1  - 2020/02/13
PY  - 2020
N1  - https://doi.org/10.11648/j.ijefm.20200801.15
DO  - 10.11648/j.ijefm.20200801.15
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 39
EP  - 48
PB  - Science Publishing Group
SN  - 2326-9561
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
IS  - 1
ER  -

Copy | Download