Kyle Moore, a final year student in NUI Galway walked away with €3,800 and a trophy from winning the AIG Legatum Prize 2016.
To win the award, Kyle Moore wrote a 2,000 word essay on a system of ‘caring credits’ that could be implemented across the EU.
"As the EU’s population grows older the number of young, working age people decreases relative to the ever-growing number of elderly. This will impose untold costs on the healthcare systems of all member states and make financing the ever-growing care bill increasingly difficult," Moore wrote in his essay.
"However, what if this impending crisis was viewed not as a challenge, but rather as an opportunity to make the EU more prosperous? The solution lies in redesigning the Union's healthcare systems to incorporate time banking and developing a common system of caring credits for the EU," he added.
Speaking to Moore, he explained that the concept of ‘caring credits’ originally came from “Japan”, and how they’ve dealt with their ageing population over the last twenty years.
The idea is that participants, “would earn credits from caring for the elderly". Then the person involved in the scheme, “could cash their credits in any EU state later in life, either to fund their own care or that of family members,” explained Moore.
“The aim wasn’t to show the flaws of the HSE. It is a complimentary idea to help with the strain that will come with an ageing population,” said Moore.
The AIG Legatum Prize is seen to give younger people across the world a voice, and to bring together the best and brightest young thinkers to address issues of relevance to public policy that are inadequately addressed and understood in existing research.
As to what Kyle plans to do with the €3,800 prize fund, he said he would probably, "put it towards something boring. I’ll use it to fund my Masters.”
Kyle plans to complete a Masters in Natural Resource Economics and Policy at NUIG.