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How can we improve long-term care financing?

Series Title(s):
Issue in brief (Center for Retirement Research)
Contributor(s):
Gleckman, Howard.
Center for Retirement Research at Boston College.
Publication:
Chestnut Hill, MA : Center for Retirement Research at Boston College, [2008]
Language(s):
English
Format:
Text
Subject(s):
Health Care Reform -- economics
Insurance, Long-Term Care -- economics
Long-Term Care -- economics
Medicaid -- economics
Medicare -- economics
Models, Economic
Private Sector
Public Sector
Humans
United States
Genre(s):
Technical Report
Abstract:
The system for financing and delivering long-term care in the United States is deeply flawed. While families and government spend more than $200 billion annually for such services, many frail elderly and disabled fail to receive the care they need. This problem is expected to become more severe as the Baby Boom generation ages. While experts generally agree that the existing system is inefficient and ineffective, they disagree on how it should be reformed. This brief, the fourth and final in a series, will review several options for change. These options include enhancing private long-term care insurance, replacing the current welfare-based system with a public social insurance program, and introducing a hybrid public-private system. None of these alternatives is optimal, but each has significant advantages over the current system.
Copyright:
Reproduced with permission of the copyright holder. Further use of the material is subject to CC BY license. (More information)
Extent:
8 leaves
Illustrations:
Illustrations
NLM Unique ID:
101480885 (See catalog record)
Series Title(s):
Issue in brief (Center for Retirement Research)
Contributor(s):
Gleckman, Howard.
Center for Retirement Research at Boston College.
Publication:
Chestnut Hill, MA : Center for Retirement Research at Boston College, [2008]
Language(s):
English
Format:
Text
Subject(s):
Health Care Reform -- economics
Insurance, Long-Term Care -- economics
Long-Term Care -- economics
Medicaid -- economics
Medicare -- economics
Models, Economic
Private Sector
Public Sector
Humans
United States
Genre(s):
Technical Report
Abstract:
The system for financing and delivering long-term care in the United States is deeply flawed. While families and government spend more than $200 billion annually for such services, many frail elderly and disabled fail to receive the care they need. This problem is expected to become more severe as the Baby Boom generation ages. While experts generally agree that the existing system is inefficient and ineffective, they disagree on how it should be reformed. This brief, the fourth and final in a series, will review several options for change. These options include enhancing private long-term care insurance, replacing the current welfare-based system with a public social insurance program, and introducing a hybrid public-private system. None of these alternatives is optimal, but each has significant advantages over the current system.
Copyright:
Reproduced with permission of the copyright holder. Further use of the material is subject to CC BY license. (More information)
Extent:
8 leaves
Illustrations:
Illustrations
NLM Unique ID:
101480885 (See catalog record)