The economics of long-term care: Key concepts and major financing and delivery models

Pok Man Peter Yuen

Research output: Chapter in book / Conference proceedingChapter in an edited book (as author)Academic researchpeer-review

Abstract

This chapter presents key concepts of economics relevant to the financing and delivery of long term care services. It first examines the magnitude of population aging in developed economies, and the associated implications for long term care. Key economic concepts relating to the demand, supply and financing of long term care services are then discussed. Policies, practices and major models of financing of long term care are further explored followed by a presentation of the conceptual framework for reform. It concludes that in view of the magnitude of the problem, incremental changes in the existing systems are unlikely to be adequate. A clear understanding of the economic concepts to underpin major transformation of existing systems and policies that do not align with populations trends is urgently needed.
Original languageEnglish
Title of host publicationSustainable Health and Long-Term Care Solutions for an Aging Population
PublisherIGI Global
Pages1-18
Number of pages18
ISBN (Electronic)9781522526346
ISBN (Print)9781522526339
DOIs
Publication statusPublished - 1 Jun 2017

ASJC Scopus subject areas

  • Medicine(all)

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