Long-term care financing: options for the future.
The aging of the baby boomers will have an enormous impact on the future of long-term care costs. This article projects the magnitude of that impact, discusses sources of financing, and considers the cost and feasibility of three options for financing future long-term care services. The authors investigate the alternatives of increasing personal savings, raising payroll taxes and expanding employer-sponsored private long-term care insurance coverage, respectively.
Mulvey
Janemarie
J
Li
Annelise
A
D000328:Adult; D000368:Aged; D000369:Aged, 80 and over; D005382:Financing, Personal; D006264:Health Benefit Plans, Employee / Q000458:organization & administration; D006302:Health Services Research; D006801:Humans; D007353:Insurance, Long-Term Care; D008134:Long-Term Care / Q000191:economics*; D006278:Medicare / Q000458:organization & administration; D008875:Middle Aged; D011157:Population Dynamics; D012456:Salaries and Fringe Benefits; D014481:United States