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Centre for Policy on Ageing | |
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Partnership Program for long-term care insurance: the right model for addressing uncertainties with the future?
— forum article | | Author(s) | Savannah Bergquist, Joan Coasta-Font, Katherine Swartz |
| Journal title | Ageing and Society, vol 36, no 9, October 2016 |
| Publisher | Cambridge University Press, October 2016 |
| Pages | pp 1779-1793 |
| Source | journals.cambridge.org/aso |
| Keywords | Long-term care insurance ; Health services ; Policy ; United States of America. |
| Annotation | Public policies that provide incentives for higher middle-income people to purchase private long-term care insurance (LTCI) have been proposed as a way to shield large numbers of middle-income people from the risk of needing costly long-term care. A proposal to promote purchases of private LTCI that has gained modest traction in the United States of America is the Partnership Program. The structure and public-private nature of the Partnership Programs are reviewed along with the trends in sales of both regular private LTCI policies and Partnership LTCI policies, to show that both experienced low rates of purchase. Efforts to implement the Partnership Programs were very modest, in part because many were launched when the Affordable Care Act 2010 was passed. (The authors note that the Partnership for Long-Term Care Programme, or LTCP, was designed to potentially reduce the financial pressure on Medicaid to pay for LTC.) At the same time, several well-known insurers withdrew from selling private LTCI. Understanding why the Partnership Program is not a success provides lessons for other counties interested in creating similar public-private ventures. (RH). |
| Accession Number | CPA-161011001 A |
| Classmark | WPH: L: QAD: 7T |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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