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Mandatory aged care insurance: a case for Australia

Paolucci, Francesco; Sowa, Przemyslaw M.; Garcia-Goni, Manuel; Ergas, Henry


This paper assesses the feasibility and welfare-improving potential of an insurance market for aged care expenses in Australia. As in many other countries, demographic dynamics coupled with an upward trend in costs of personal care result in consumer co-contributions imposing a risk of expenses that could constitute a significant proportion of lifetime savings, in spite of the presence of a government-run aged care scheme. We explore issues around the development of an insurance market in this...[Show more]

CollectionsANU Research Publications
Date published: 2015-02
Type: Journal article
Source: Ageing and Society
DOI: 10.1017/S0144686X13000767


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