Article Publication Date:
6/4/2008
Summary:
Families and government spend $200 billion annually on long-term care (LTC), yet many elderly and disabled people still do not receive needed care. This brief illustrates the flaws of the current LTC finance system and presents three potential solutions and some challenges and advantages of each option. The proposed solutions are: enhance private insurance; base public financing on social insurance rather than welfare; or meld private and public insurance.
Topics:
N/A
Types/Tools:
Populations:
Aging/Older Adults
Sources:
Center for Retirement Research at Boston College
Programs/Initiatives:
N/A
States:
Keywords:
Long-Term Care
LTC; social insurance; Medi-LTC;
Contact
Center for Retirement Research at Boston College
crr@bc.edu
Phone:
617-552-1762
Short URL: http://www.advancingstates.org/node/51649