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A Study on Introducing Public Long Term Care Insurance in Korea - With a Focus on a Public Private Supplementary Model-

  • Journal of Insurance and Finance
  • 2004, 15(2), pp.105-144
  • Publisher : Korea Insurance Research Institute
  • Research Area : Social Science > Business Management

류성경 1 신기섭 1

1삼성금융연구소

Candidate

ABSTRACT

This study reviewed public long term care insurance which Korean government will put in operation in 2007 and proposed that private suppliers have to take part in public long term care insurance by the example of the Germany and Japan. It is the current of the world for private suppliers to participate in social insurance.As a result of the study, Korean government can get effect such as maximizing cost effectiveness, satisfying consumers' needs and so on.Because of that, this study considered some ways which are private suppliers can join the operation of the public long term care insurance like vertical publicprivate share-partial choice model, vertical publicprivate share-total choice model, horizontal publicprivate share model, mix-partial choice model and mix-total choice model.Each model has merits and demerits but this study proposed mix-total choice model as the most realistic and effective alternative plan which has merits such as correspondence with the current social insurance system, cost effectiveness, satisfaction of the consumers' needs etc.

Citation status

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