Guangdong University of Finance and Economics Reports Findings in Sustainability Research (Assessing the Sustainability of Long-Term Care Insurance Systems Based on a Policy-Population-Economy Complex System: The Case Study of China): Sustainability Research

2022 JUN 16 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- New research on Sustainability Research is the subject of a report. According to news originating from Guangzhou, People’s Republic of China, by NewsRx correspondents, research stated, “Although China launched long-term care insurance (LTCI) pilot program in 2016, there are great challenges associated with developing a sustainable LTCI system due to limited financial resources and a rapid increase in the aging population. This study constructed an LTCI policy-population-economics (PPE) system to assess the sustainability of the LTCI system in China.”

Our news journalists obtained a quote from the research from the Guangdong University of Finance and Economics, “Based on the latest 76 LTCI policy documents published between 2016 and 2021, this study evaluated the strength of LTCI policy modeling in 14 pilot cities by constructing a policy modeling consistency () index containing 9 main variables and 36 sub-variables. The coupling coordination model was used to evaluate the interaction between LTCI policy, population aging, and economic development. The results showed that the index ranged from 0.527 to 0.850. The policy strength of Qingdao, Nantong, and Shanghai was the highest (> 0.8). Anqing, Qiqihaer, Chongqing, and Chengdu had the lowest level of policy strength (< 0.6). The main policy weaknesses were the coverage of the LTCI, the sources of funds, the scope of care services, and benefit eligibility. The coupling coordination degree of PPE systems varied from 0.429 to 0.921, with a mean of 0.651. Shanghai, Nantong, and Suzhou had the highest level of coordination. The coordination between subsystems of PPE in most pilot cities (12 of 14 cities) was at a basic or low level. The findings from this study concluded that the coordination within the PPE system should be improved to develop a sustainable LTCI system.”

According to the news editors, the research concluded: “To improve the coordination of the PPE system, it is suggested that the country should maintain sustainable economic growth and modify LTCI policies based on demographic transitions and economic development.”

For more information on this research see: Assessing the Sustainability of Long-Term Care Insurance Systems Based on a Policy-Population-Economy Complex System: The Case Study of China. International Journal of Environmental Research and Public Health, 2022;19(11):6554. International Journal of Environmental Research and Public Health can be contacted at: Mdpi, St Alban-Anlage 66, Ch-4052 Basel, Switzerland.

The news correspondents report that additional information may be obtained from Xueqin Deng, Institute of New Development, Guangdong University of Finance and Economics, Guangzhou 510320, People’s Republic of China. Additional authors for this research include Rong Peng, Yinghua Xia and Bei Wu.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.3390/ijerph19116554. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

The publisher’s contact information for the International Journal of Environmental Research and Public Health is: Mdpi, St Alban-Anlage 66, Ch-4052 Basel, Switzerland.

(Our reports deliver fact-based news of research and discoveries from around the world.)