Extract:
I. Introduction
1. In light of the emerging problem of ageing population, the financial security for
growing number of senior citizens merits greater attention as there is still no
comprehensive retirement protection mechanism in place. Several latest local
incidents as well as global developments also demonstrated that the financial
sustainability of the elderly would be a matter that needs to be tackled in an
urgent manner.
2. However, the HKSAR Government (hereafter the Government) has not accorded
great importance to the ageing problem in recent years. Ageing population was
translated by the Government as a rationale to justify the proposition of
“healthcare reform consultation” under which the middle class will eventually
be required to use and pay for the private‐sector healthcare services.1 Although
the Government has certain extent showed its concern to elderly issue like old
age healthcare, it fails to address more important issues such as the problem of
financial security and poverty facing an ageing population.
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