Long-Term Care Insurance: Japan
In 2010, Japan had the highest percentage of elderly people in the world, but few individuals were working in the care sector due to the insurance ambiguity that exists in the country. The government is constantly trying to promote the inhouse-care sector and formalize the field, so an innovative public long-term care insurance policy (LTCI) commenced. LTCI aims to increase care market participation by certifying carers are “care-needers”, so they can be entitled to a 10% payment deduction.
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