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Journal of Economic Perspectives: Vol. 6 No. 3 (Summer 1992)

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Possible Reforms for Financing Long-Term Care

Article Citation

Scanlon, William J. 1992. "Possible Reforms for Financing Long-Term Care." Journal of Economic Perspectives, 6(3): 43-58.

DOI: 10.1257/jep.6.3.43

Abstract

This paper considers the market for long-term care services to treat and compensate for chronic health conditions and disabilities. This paper describes how the long-term care market has evolved and the resulting implications for expenditure control. It reviews recent developments in marketing private insurance for long-term care and questions the potential and desirability of such insurance. Finally, it discusses the argument for greater public financing within a universal social insurance program and alternative approaches to structuring such a program.

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Authors

Scanlon, William J. (Georgetown U)

JEL Classifications

I11: Analysis of Health Care Markets
I18: Health: Government Policy; Regulation; Public Health
H51: National Government Expenditures and Health

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