Evaluating the Application of Public-Private Partnership (PPP) Funding Models in Public Nursing Institutions in Hubei Province, China

Abstract

A rapid ageing population is raising the demand for elder care and brought about profound effect to social policy in China. So, nowadays, many researchers begin to study this problem. Financing is one of the important ways to solve this problem. This paper tries to find a suitable way of capital intervention in pension, and conducts three case studies in three nursing institutions in Hubei: Wuchang District Sunshine Welfare House, Hanchuan Social Welfare House, and Wuhan Social Welfare House, which are operated under three Public-Private Partnership (PPP) funding models respectively. After investigation and analysis, we find that after PPP reform, the scale of these nursing institutions is extended, accommodation rates and service quality improve greatly, and more jobs are created. However, there are still some problems need to be considered, such as loss of public features, heavy financial burden, and unexpected distortions.