How much risk is mitigated by LTC Insurance? A case study of the public system in Spain
We present a methodology that allows to calculate the impact of a given Long-Term Care (LTC) insurance protection system on the risk of incurring extremely large individual lifetime costs. Our proposed methodology is illustrated with a case study. According to our risk measure, the current Spanish public LTC system mitigates individual risk by more than 30% compared to the situation where no public protection were available. We show that our method can be used to compare risk reduction of alternative LTC insurance plans.
|Date of creation:||Jun 2011|
|Date of revision:||Jun 2011|
|Contact details of provider:|| Postal: Fundació Bosch i Gimpera, C. Baldiri i Reixac, 4-8, 08028 Barcelona|
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- Adelina Comas-Herrera & Rebecca Butterfield & JosÃ©-Luis FernÃ¡ndez & Joshua M. Wiener, 2012. "Barriers to Opportunities for Private Long-term Care Insurance in England: What Can We Learn from Other Countries?," Chapters, in: The LSE Companion to Health Policy, chapter 15 Edward Elgar Publishing.
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- Juan Luís Jiménez & Jordi Perdiguero, 2009. "(No)competition in the Spanish retailing gasoline market: a variance filter approach," Working Papers XREAP2009-05, Xarxa de Referència en Economia Aplicada (XREAP), revised May 2009.
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