Working Paper: NBER ID: w17451
Authors: Jeffrey Brown; Amy Finkelstein
Abstract: Long-term care expenditures constitute one of the largest uninsured financial risks facing the elderly in the United States. This paper provides an overview of the economic and policy issues surrounding insuring long-term care expenditure risk. Through this lens we also discuss the likely impact of recent long-term care public policy initiatives at both the state and federal level.
Keywords: Long-term care; Insurance; Medicaid; Elderly; Public policy
JEL Codes: I11; I28
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| Medicaid (I18) | Private Insurance Demand (G52) |
| Medicaid as payer of last resort (I18) | Implicit tax on Private Insurance (G52) |
| Wealth (D31) | Private Insurance Ownership (G52) |
| High loads of Long-term Care Insurance Policies (G52) | Demand for Private Insurance (G52) |
| Medicaid (I18) | Uninsured Long-term Care Expenditures (I13) |