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Funding for Long‐term Care: the Private Insurance Option
Author(s) -
Davey J.A.
Publication year - 1997
Publication title -
australian journal on ageing
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.63
H-Index - 34
eISSN - 1741-6612
pISSN - 0726-4240
DOI - 10.1111/j.1741-6612.1997.tb01043.x
Subject(s) - variety (cybernetics) , private insurance , term (time) , business , social insurance , actuarial science , public economics , long term care insurance , cost sharing , long term care , economics , health insurance , health care , economic growth , medicine , nursing , computer science , physics , quantum mechanics , artificial intelligence , market economy
Increasing emphasis on self reliance as an objective of social policy calls for a re‐assessment of how long‐term care for dependent elderly people will be funded. A variety of options are available for sharing the costs between the state and users. Private long‐term care insurance has the potential to play a part in the future, but constraints from both the supply and demand sides must be taken into account, as must the wider social implications of policy choices.