The impact of the partnership long-term care insurance program on private coverage
AbstractWe examine the impact of U.S. states’ adoption of the partnership long-term care (LTC) insurance program on households’ purchases of private coverage. Targeting middle-class households, this program increases the benefits of privately insuring via a higher asset threshold for Medicaid eligibility for LTC coverage. We find that the program generates few new purchases of LTC insurance, and that those it generates are almost entirely by wealthy individuals.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Health Economics.
Volume (Year): 32 (2013)
Issue (Month): 6 ()
Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/505560
Insurance; Long-term care; Partnership; Program; Medicaid;
Find related papers by JEL classification:
- H1 - Public Economics - - Structure and Scope of Government
- H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
- I1 - Health, Education, and Welfare - - Health
- L5 - Industrial Organization - - Regulation and Industrial Policy
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