Magazine

Nov 2019

Read the latest edition of AIR and MEIR as an Interactive e-book

Taiwan: Health ministry studies need for long term care insurance scheme

Source: Asia Insurance Review | Nov 2019

The Ministry of Health and Welfare will assess a proposal to implement an insurance scheme to support the Long-term Care Services Development Fund, minister of health and welfare Chen Shih-chung said.
 
The Ministry of Finance asked the health ministry to assess the feasibility of a long-term care insurance programme, reported Taipei Times.
 
At present, the long-term care services programme, implemented by President Tsai Ing-wen’s administration, is mainly financed by tobacco and inheritance taxes, which are seen as unstable sources of funding.
 
Professor Lee Yuchun of the Health and Welfare Institute at National Yang-ming University said that based on current income and expenditure trends, the fund would run out of money by 2027, when senior citizens would form 20% of the total population.
 
Currently, around 800,000 people need long term care, and this number is forecast to exceed 1m by 2027. A 
 
| Print | Share

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

 

Recent Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.