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Journal of Economic Perspectives

ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)

Possible Reforms for Financing Long-Term Care

  • William J. Scanlon
Journal of Economic Perspectives
vol. 6, no. 3, Summer 1992
(pp. 43–58)
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Abstract

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.

Citation

Scanlon, William J. 1992. "Possible Reforms for Financing Long-Term Care." Journal of Economic Perspectives, 6 (3): 43–58. DOI: 10.1257/jep.6.3.43

JEL Classification

  • I11 Analysis of Health Care Markets
  • I18 Health: Government Policy; Regulation; Public Health
  • H51 National Government Expenditures and Health
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