Designing the money part of Malaysia's long-term care system: Economists share what to look out for
KUALA LUMPUR, Nov. 14 -- It may be "tricky" for Malaysia to figure out who or what will be paying for the long-term care and support of older Malaysians in their day-to-day life, an economist has said.
So what can Malaysia consider when designing a long-term care scheme?
Long-term care system: Tax-funded or insurance?
World Bank senior economist Matthew Dornan said there is "no easy answer" for how Malaysia would fund its long-term care system.
"I think the financing - it's really important, nothing is going to happen without financing. But it's also tricky and I think any path that Malaysia takes will be tricky," he said at the recent National Long-Term Care Financing Dialogue 2026.
As people will always "undersave" or save less tha...
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