Long-term care: the public role and the private initiatives.
Burke, Thomas R
Date of Pub
The ongoing effort of the U.S. Department of Health and Human Services to identify private financing mechanisms that can effectively
assist the rapidly growing population of older persons in paying for long-term care expenses is discussed in this article.
The focus on private strategies stems from the recognition that Federal and State sectors already pay almost one-half of all
long-term care expenses, the proclivity of liberalized financing structures to raise total costs, and the tendency of public
financing to dampen choice, flexibility, and access to care. In view of the improved economic situation of most older persons
in our Nation today, the potential for market development of private financing options is thought to be excellent, particularly
the market for long-term care insurance.
Insurance, Long-Term Care : Aged : Financing, Government : Human : Industry : Long-Term Care/economics : Planning Techniques
: United States : United States Dept. of Health and Human Services