“As part of the national effort to defuse a demographic ‘time-bomb’, China is very likely to introduce compulsory long-term care insurance to cope with ever-increasing care needs, particularly for the elderly who have a difficult time living independently due to age, illness or disability, said a national political advisor.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Authoritarian China opts for compulsory government LTCI, but maybe we’ve dodged that bullet fired by three LTC advocacy groups last year. For more, read LTC Bullet: LTC at a Crossroads.” If you’re looking for a silver lining to last November’s election, this may be it.

Long-term care insurance may become mandatory

#goldencareagent