Centre for Policy on Ageing
 

 

Long-term care : a suitable case for social insurance
Author(s)Nicholas Barr
Journal titleSocial Policy & Administration, vol 44, no 4, August 2010
Pagespp 359-374
Sourcehttp://onlinelibrary.wiley.com/journal/10.1111/%28... DOI: 10.1111/j.1467-9515.2010.00718.x
KeywordsHealth insurance ; Domiciliary services ; Nursing homes ; Care homes.
AnnotationThere are potentially large welfare gains if people can buy insurance that covers the costs of long-term care. However, technical problems - largely information problems - face both the providers of insurance and potential buyers. These problems on both the supply and demand sides of the market suggest that the actuarial mechanism is not well suited to addressing risks associated with long-term care. This line of argument underpins the article's main conclusion - that social insurance is a better fit. (KJ/RH).
Accession NumberCPA-100915202 A
ClassmarkWPG: N: LHB: KW

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