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Centre for Policy on Ageing | |
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A "three-legged stool" for financing long-term care in the United States
— conference presentation, second global conference, IFA, Jerusalem, Israel, September 17-21, 1995 | | Author(s) | Yung-Ping Chen |
| Corporate Author | International Federation on Ageing - IFA |
| Journal title | Ageing International, vol XXIII, no 2, Fall 1996 |
| Publisher | International Federation on Ageing - IFA, Fall 1996 |
| Pages | pp 53-65 |
| Keywords | Health services ; Long term ; Health insurance ; Social security benefits ; Social policy ; United States of America. |
| Annotation | The way in which long-term care (LTC) is paid for in the US is like sitting on a stool with only two legs. Medicaid and private payments are each paying nearly half the total formal LTC costs, with Medicaid and private LTC insurance, combined, covering the remaining 5%. This pattern of finance tends to impoverish many people, and is a strain on federal government budgets. The remedy suggested in this paper is a more significant role for insurance, and a concept of "tradeable benefits", whereby one type of benefit (e.g. Social Security cash benefits) may be exchanged for another (e.g. LTC benefits). (RH). |
| Accession Number | CPA-980402209 A |
| Classmark | L: 4Q: WPG: JH: TM2: 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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