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Sharing the Burden: Understanding the Roles of Public and Private Insurance in Financing Aged Care
Author(s) -
Hixon Laurel L.
Publication year - 2011
Publication title -
economic papers: a journal of applied economics and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.245
H-Index - 19
eISSN - 1759-3441
pISSN - 0812-0439
DOI - 10.1111/j.1759-3441.2011.00130.x
Subject(s) - context (archaeology) , balance (ability) , business , finance , private insurance , public health insurance , public finance , public economics , actuarial science , health insurance , health care , economics , economic growth , medicine , paleontology , macroeconomics , physical medicine and rehabilitation , biology
Reform of the aged‐care financing system should be informed by objective, quantifiable evidence about how various strategies perform in achieving public policy goals such as target efficiency, prevention of catastrophic out‐of‐pocket expenditures, and system balance. In this context, I will discuss the relative merits of public and private insurance and what is needed to move the discussion of financing reform ahead in an objective quantifiable way.