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July 31, 2017

Financing Long-Term Services and Supports: Ideas From Singapore

Region: Americas, South-East Asia Scientific publication Empowering and engaging people and communities, Strengthening governance and accountability, Creating an enabling environment Source: The Milbank Quarterly

Financing long-term services and supports (LTSS) for the elderly is a pressing issue in the Unites States with reforms of long-term care insurance (LTCI) presently being explored. Singapore, with 65% of residents aged 40 to 83 covered by basic LTCI, including 22% with supplementary LTCI plans, has the highest voluntary LTCI rate in the world. This article contributes to the discourse by presenting the case of LTSS financing in Singapore.