The financing sustainability of long-term care insurance: an example from Nanning, China

The finding shows that both the government and urban and rural residents can afford to pay future long-term care insurance costs; however, the long-term care insurance contributions of individual urban and rural residents in Nanning remain high. Hence, the Nanning municipal government should improve the awareness and participation rate of urban and rural residents in long-term care insurance; scientifically measure the financing level of long-term care insurance; establish a multichannel, scientifically reasonable, and dynamically adjusted long-term care insurance financing mechanism; and maintain the sustainable operation of the financing mechanism of long-term care insurance in Nanning.