10.4225/03/5938ae0adac78
Richardson, Jeff
Jeff
Richardson
Long Term Care Insurance
Monash University
2017
monash:2689
1959.1/2689
1997
2017-06-08 01:53:13
Journal contribution
https://bridges.monash.edu/articles/journal_contribution/Long_Term_Care_Insurance/5090377
This paper considers the case for long term care insurance specifically designed to address what the World Bank describes as the `looming old age crisis'. It has been suggested that if such insurance is fully funded then this will simultaneously assist with the problem of Australia's low savings ratio. It is argued that the ageing of Australia's population cannot be described as a `looming crisis' and that the benefit of funded health insurance could be achieved as easily by an increase in taxation or the health insurance levy.