Long-term Care Financing in the United States: Sources and Institutions
AbstractThis paper reviews the financing of long-term services and supports (LTSS) in the United States. I characterize existing payment arrangements as incomplete insurance. The paper organizes existing literature on U.S. financing of LTSS and uses it to analyze the economic, policy and behavioral forces that underpin the observed equilibrium. I assess several sources of market failure and consider policy directions that are viable within the U.S. political environment. Copyright 2012, Oxford University Press.
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Bibliographic InfoArticle provided by Agricultural and Applied Economics Association in its journal Applied Economic Perspectives and Policy.
Volume (Year): 34 (2012)
Issue (Month): 2 ()
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