New Public Health Study Findings Have Been Reported by Researchers at Xinjiang Medical University (Research on the income and expenditure forecast of long-term care insurance fund in Shihezi City based on community care): Health and Medicine – Public Health

Hospital & Nursing Home Daily

2024 MAY 24 (NewsRx) -- By a News Reporter-Staff News Editor at Hospital & Nursing Home Daily -- New research on public health is the subject of a new report. According to news originating from Urumqi, People’s Republic of China, by NewsRx correspondents, research stated, “ObjectiveThis study forecasts the income and expenditures of the long-term care insurance fund, provides a basis for formulating the raising standard of the long-term care insurance fund, and explores the measures to improve the pilot work of long-term care insurance.”

Our news correspondents obtained a quote from the research from Xinjiang Medical University: “MethodsBy using the exponential smoothing and ARIMA models to forecast the income and expenditure of the old-age care insurance fund in 2022, the problems existing in the operation of the long-term care insurance fund are discussed. ResultsIn 2022, the income of the old-age insurance fund was 28.8934 million yuan, and the fund compensation expenditure was 28.4070 million yuan, with a slight balance of the fund. The highest relative errors of income and expenditure forecast models are -2.03% and - 2.76%, respectively. According to the results of fund expenditure, the annual financing standard should be 132.93 yuan/person, and the individual financing standard should be 66.47 yuan/person. ConclusionThrough the integration of personal payment, welfare, sports lottery public welfare income, social donations, and other ways, we can gradually establish a multi-channel risk-sharing financing. We will appropriately raise the standard for individual financing and the annual contribution standard for individuals from 50 yuan to 66.47 yuan.”

According to the news reporters, the research concluded: “This will promote sustainable development of long-term insurance system.”

For more information on this research see: Research on the income and expenditure forecast of long-term care insurance fund in Shihezi City based on community care. Frontiers in Public Health, 2024,12. (Frontiers in Public Health - http://journal.frontiersin.org/journal/public-health). The publisher for Frontiers in Public Health is Frontiers Media S.A.

A free version of this journal article is available at https://doi.org/10.3389/fpubh.2024.1329155.

Our news editors report that more information may be obtained by contacting Xu Yang, Department of Health Economics, School of Public Health, Xinjiang Medical University, Urumqi, People’s Republic of China. Additional authors for this research include Penghua Zuo, Huiling Xie.