Research On Government Guarantees And Subsidies For PPP Model Nursing Home Projects

China is heading for the aging period of rapid development in the next 30 years,and the demand for nursing homes is increasing.In the face of the shortage of financial reserve in China's old-age service,the construction and operation of nursing homes with PPP mode is an effective way to solve the shortage of beds and structural contradictions.This paper makes a series of researches on the smooth implementation of nursing home project with PPP mode.The main contents are as follows:(1)Combined with the characteristics of PPP project and Chinese nursing home construction operations,the paper introduced the financing,income distribution and nursing home works of nursing home project with PPP mode briefly,and proposed project operation flow chart and system frame combining the three contents.(2)Considering the long cycle and uncertain demand of the nursing home project with PPP mode,the government guarantees it.According to different types of risk that the project may face based on different environments,the paper established two kinds of guarantee models,which were limit competition guarantee and minimum income guarantee,and then solve the two models separately.(3)For the quasi-public welfare nature of the nursing home project with PPP mode,the paper discussed the necessity to government subsidies,and established a model to verify the government subsidies were very necessary to the nursing home project with PPP mode,not only increasing the income of the nursing home,but also improving the comprehensive benefit of the society.(4)The model is used in practical case analysis to verify the feasibility and validity of the model.Through the above researches,on the one hand,it proves that the government can guarantee the income of investors and enhance the investment attraction of nursing home project with PPP mode by providing limited competition guarantee and minimum income guarantee,on the other hand,the necessary of government subsidies for nursing home project with PPP mode is also confirmed.This paper not only provide a new way to solve the shortage of nursing home beds,alleviating the pressure state pension,also is the new attempt of the PPP model in the pension industry,and played a role in promoting the development of the PPP project.