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Aging Chinese Face a Bleak Picture
Keywords:
Tags: Early Warning, Healthcare, China,
Needed changes in China under the Jinping-Keqiang administration- China's pension system and version of Social Security
02/18/2013
A patchwork of local programs run by 2500 county and city governments, more like what existed in the U.S. before FDR's New Deal, is how an expert on pensions in China describes the situation in 2013. Urban pensions have existed since 1951, rural pensions were introduced in 2009. The National Social Security Fund is only partly funded with $140 billion. Local governments taking on large levels of debt, shifting funds to risky investments, and benefitting well connected groups, is a risk for pension funds at the local level. By 2030 the number of rural people depending on the pension program is likely to double, says Frazier, creating a new challenge. A challenge made more acute by the one child policy and retirement for men at 60 and women at 55 years of age, reducing productive workers to support rising population of elderly.
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Aging Chinese Face a Bleak Picture
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the whole system is geared to providing more expensive care with upfront cash required even if you have insurance or care is refused, and the private sector offers very little insurance. Government insurance coverage is also inadequate. Two thirds of China's people have no insurance at all.
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Chinese City Bolsters Scant Consumer Spending With Free Vouchers
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In China, Rx for Ailing Health System
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Still No Healthy Budget Allocations in China
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China's elderly population- high dependency ratios with 42 over 64 for every 100 persons of age 15-64 in 2013
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Grouped Articles
Aging Chinese Face a Bleak Picture
Wall Street Journal 05/31/2013
The Jinping-Keqiang leadership in China and the need to help consumers by reducing pharmaceutical and healthcare costs (2)
05/31/2013
The particular need to help the elderly in an aging population for China. The elderly suffer most from the need to set aside a large portion of savings for healthcare costs (Orlik).
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Aging Chinese Face a Bleak Picture
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