Analysis On The Factors Of Demand And Supply Concerning Long-term Care Insurance Of Hunan Province

In2000, China entered aging society, meanwhile, Hunan Province also enteredthe aging society. Up to2013, the population over60in Hunan province had been10.3302million, accounting for15.56%, higher than the average level in China,which means that the degree of aging in Hanan have been more serious. With thegrowth of age, the probability of being chronically ill or disabled in the elderly will beincreasingly high, the demand for long-term care will continue to increase. At thesame time, along with the family structure miniaturization, the high cost of healthcare, the limited level of social security level, accelerate the developmentof long-term care insurance in Hunan province has becoming more important.Many scholars have done many studies on the categories in China, but most of theliteratures just analyze in developing the whole situation of China, and most papersconcentrate on its feasibility instead of engaging in quantitative analysis.Firstly, this thesis defines the concept of long-term care and long-term careinsurance，introduces the resources of the aged care facility, the background and thepresent development condition of the long-term care insurance in our country andHunan province. Secondly, according to the specific situation in Hunanprovince, from two points of view, one demand, the other supply, the thesis willanalyze the influence factors of long-term care insurance in theory, and through thequestionnaire survey, collect and collate relevant statistical data of long-term careinsurance, through the establishment of a statistical model, the thesis will analyze thefactors of demand and supply affecting the long-term care insurance in Hunan fromdate analysis. The results show that educational attainment, self-care ability, income,willingness of care and the number of children appreciable affect the demandof long-term care insurance in Hunan. Basic Medical insurance expenditure, thetotal assets of the insurance company appreciable affect the supply of long-termcare insurance in Hunan. Lastly, According to supply and demand factors in theanalysis, based on the thinking of equilibrium of supply and demand and the actualproblems, puts forward relevant policy Suggestions To promote the develop ment oflong-term care insurance health of Hunan province from the perspective of residents,government, insurance company.