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Cabinet approves long-term care insurance bill

Cabinet approves long-term care insurance bill

Taipei, June 4 (CNA) The Executive Yuan passed a long-term care insurance bill Thursday aimed at funding the country's long-term care system. The bill will now be submitted to the Legislative Yuan for final approval. According to the bill, employers will shoulder 40 percent of the insurance premiums, while the insured individuals will be responsible for 30 percent and the government will cover the remaining 30 percent. It is estimated that a person earning NT$30,000 per month will need to pay NT$108 per month in long-term care insurance premiums. The Cabinet had originally planned to have employers cover 60 percent of the premiums, with individuals sharing 30 percent and the government making up the remaining 10 percent. The plan, however, met strong opposition from business groups. During a meeting between Premier Mao Chi-kuo (???) and the representatives of six major business groups, the two sides agreed to lower the employers' share of the burden to 40 percent. (By Hsieh Chia-chen and Y.F. Low)


Updated : 2021-09-19 15:37 GMT+08:00