Finanziamento della Sanità - Limiti del PayGo e proposta di sistema multipilastro con Welfare Fund

This paper describes the reasons at the basis of the insufficiency of pay-as-you-go systems to provide resources for financing health care in an ageing society with the low rates of growth that will characterise western industrialised economies during next decades. Intuitive arguments are provided for supporting the diversification of pillars, with the public pay-as-you-go pillar combined with the private pillar functioning with real accumulation of resources on markets. Finally, an innovative proposal is presented: The Welfare Funds. Long-term investors offering both pension and health care benefist, and connected with insurance policies for the covering of inability/disability risks. nicola c. salerno - nicola.salerno@tin.it - 0039 347-9023927