The need for long-term care risk financing greater than expected

by time news
Among the solutions devised to finance dependency, the establishment of a “compulsory dependency insurance” from 45-50 years and a “contribution from the heritage of retirees”. Credit: New Africa – stock.adobe.com

The bill will exceed 50 billion euros per year by 2032.

Bad surprise. Faced with the aging of the population, the cost of dependency is likely to prove to be much higher than expected. We will have to find not 10 billion euros more per year by 2030, as the Libault report had quantified in 2019, but more than double. That is “at least 22 billion euros more in 2032” every year, asserts economist Jean-Hervé Lorenzi, president of the Demographic Transitions, Economic Transitions (TDTE) chair. A sum which is added to the approximately 30 billion euros already spent each year for the loss of autonomy, financed 80% by the public authorities and 20% by households. In the end, France will therefore have to spend, in ten years, no less than 52 billion euros per year for its elders in loss of autonomy.

This revision is easily explained. Intervened before the Covid epidemic and the nursing home crisis following the Orpea scandal, “The Libault report had not so foreseen the need to increase the ratio…

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