How can we improve long-term care financing?

Gleckman, Howard. “How can we improve long-term care financing?”. Issue in Brief 8-8, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, June 2008. http://hdl.handle.net/2345/bc-ir:104325.
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Abstract

The system for financing and delivering long-term care in the United States is deeply flawed. While families and government spend more than $200 billion annually for such services, many frail elderly and disabled fail to receive the care they need. This problem is expected to become more severe as the Baby Boom generation ages. While experts generally agree that the existing system is inefficient and ineffective, they disagree on how it should be reformed. This brief, the fourth and final in a series, will review several options for change. These options include enhancing private long-term care insurance, replacing the current welfare-based system with a public social insurance program, and introducing a hybrid public-private system. None of these alternatives is optimal, but each has significant advantages over the current system.

Title
How can we improve long-term care financing?
Author
Gleckman, Howard
Center
Center for Retirement Research
Genre
report
Date Issued
June 2008
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
8-8
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:104325
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Health/long-term care

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