Partnership insurance: an innovation to meet long-term care financing needs in an era of federal minimalism.
In the case of long-term care financing, federal minimalism is not new news. Long-term care has long played a weak "third fiddle" to national health reform concerns about the uninsured and catastrophic expenditures on prescription drugs. The states have been left to struggle with the issue of long-term financing as part of their responsibilities in funding and administering the means-tested Medicaid program. Recently, the environment has become even more challenging. Much of what is on the national agenda for health and welfare reform has been delegated to the states. This "devolution" of responsibilities has created many competing priorities for both the attention and resources of states. This context of evolving federal minimalism calls for creative solutions that balance competing points of view. In this article, we provide some background and insights from one such effort: a collaboration between state governments and private insurers to put into operation an insurance-based approach to long-term care financing that uses Medicaid as an incentive to encourage potential purchasers.
Meiners
Mark R
MR
University of Maryland, College Park, MD 20742, USA. mm56@umail.umd.edu
McKay
Hunter L
HL
Mahoney
Kevin J
KJ
D006699:Home Care Services / Q000458:organization & administration; D006707:Homes for the Aged / Q000458:organization & administration; D006801:Humans; D007343:Insurance Carriers / Q000191:economics*; D007353:Insurance, Long-Term Care / Q000191:economics*; D007373:Interinstitutional Relations; D008484:Medicaid / Q000458:organization & administration; D009735:Nursing Homes / Q000458:organization & administration; D020414:Risk Sharing, Financial / Q000458:organization & administration; D013219:State Government