Possible Reforms for Financing Long-Term Care

Bibliographic Data

ID4028997
AuthorsWilliam J Scanlon (Georgetown University, corresponding author)
Year1992
Volume6
Issue3
Pages43-58
Publication date1992-08-01
Open AccessYes
TypeARTICLE
VenueThe Journal of Economic Perspectives (JOURNAL)
Journal identifiersISSN: 0895-3309 • E-ISSN: 1944-7965
PublisherAmerican Economic Association (PUBLISHER • US)
DOI10.1257/jep.6.3.43
PMID10171516
OpenAlexW1974120237
LanguageEN
Citations received8
References cited10

This paper considers the market for long-term care services to treat and compensate for chronic health conditions and disabilities. This paper describes how the long-term care market has evolved and the resulting implications for expenditure control. It reviews recent developments in marketing private insurance for long-term care and questions the potential and desirability of such insurance. Finally, it discusses the argument for greater public financing within a universal social insurance program and alternative approaches to structuring such a program

Actuarial science · Business · Economic growth · Economics · Health care · Health insurance · Long-term care · Macroeconomics · Market economy · Market failure · Microeconomics · Private insurance · Public economics · Public finance · Social insurance · Structuring · Financial Literacy, Pension, Retirement Analysis · Gender, Labor, and Family Dynamics · Global Health Care Issues · Medicine · Nursing · Finance

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