Possible Reforms for Financing Long-Term Care | Zendy

William J. Scanlon | Zendy

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Possible Reforms for Financing Long-Term Care

Author(s) -

William J. Scanlon

Publication year - 1992

Publication title -

the journal of economic perspectives

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 9.614

H-Index - 196

eISSN - 1944-7965

pISSN - 0895-3309

DOI - 10.1257/jep.6.3.43

Subject(s) - structuring , term (time) , argument (complex analysis) , private insurance , actuarial science , public economics , long term care , control (management) , social insurance , health care , market failure , economics , public finance , business , finance , health insurance , economic growth , microeconomics , market economy , macroeconomics , medicine , nursing , physics , management , quantum mechanics

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.

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