Public blind to LTC funding challenge - Swiss Re

The re-insurer also believes the results of an older society will mean a heavier burden on the working population to fund the necessary increases in long term care and healthcare provision. Its ‘longevity funding issues and potential solutions' report warns that an ageing society will influence governments in many ways, including pension income and healthcare commitments, which all create significant liabilities. "Many governments are starting to reduce benefits in real terms, thereby increasing the burden on the individual to provide an income in retirement," it says. "In preparin...