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Centre for Policy on Ageing | |
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The seven sins of long-term care insurance
— selected article from PRIDE Institute's 14th Annual Conference of October 12, 1995, "Society's abandonment of the frail elderly: true or false?" | | Author(s) | Al Norman |
| Journal title | The Journal of Long Term Home Health Care : the PRIDE Institute Journal, vol 15, no 1, Winter 1996 |
| Pages | pp 47-56 |
| Keywords | Nursing homes ; Long term ; Community care ; Finance [care] ; Health insurance ; United States of America. |
| Annotation | The private long-term care insurance market in the US has been characterised by seven major "sins" or problems for consumers: lack of access; unaffordability; unsuitable sales; lack of a trained sales force; user unfriendliness; uneven quality of product; and high lapse rates. The 1995 White House Conference on Aging produced recommendations about types of long-term care benefits sought by consumers. Given the failure of the Clinton administration's Health Security Act, the author returns to suggestions made by a former Social Security Commissioner, Robert Ball, in his book "Because we're all in this together" (1989). This advocated a public social insurance approach, with a private long-term care insurance add-on. For Norman, such a solution reduces the sins of the private market, while also avoiding placing the total burden on the payroll tax. (RH). |
| Accession Number | CPA-980129204 A |
| Classmark | LHB: 4Q: PA: QC: WPG: 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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