Reforming long-term care financing through insurance.
Until recently, insurance for long-term care was not viewed as feasible. This perception has changed dramatically in the past few years. Several models of long-term care insurance have begun to be tested. Although the application of insurance principles to long-term care is still new, the emergence of private market interest in developing long-term care insurance has been a catalyst to renewed public-policy support for reforming the way we pay for long-term care. States, in particular, have become interested in developing public-private partnerships to support the emergence of long-term care insurance that could help relieve the mounting pressure on Medicaid budgets.
D000368:Aged; D002388:Catastrophic Illness / Q000191:economics*; D006291:Health Policy; D006801:Humans; D007353:Insurance, Long-Term Care / Q000639:trends*; D008134:Long-Term Care / Q000191:economics*; D008962:Models, Theoretical; D014481:United States