title: The impact of the partnership long-term care insurance program on private coverage.
abstract: We examine the impact of U.S. states' adoption of the partnership long-term care (LTC) insurance program on households' purchases of private coverage. Targeting middle-class households, this program increases the benefits of privately insuring via a higher asset threshold for Medicaid eligibility for LTC coverage. We find that the program generates few new purchases of LTC insurance, and that those it generates are almost entirely by wealthy individuals.
authors.affiliation: Department of Business Economics and Public Policy, Kelley School of Business, Indiana University, United States. Electronic address: hzlin@indiana.edu.
authors.forename: Haizhen
authors.initials: H
authors.lastname: Lin
authors.forename: Jeffrey
authors.initials: J
authors.lastname: Prince
mesh_terms: D000368:Aged; D005260:Female; D006801:Humans; D019458:Insurance Coverage / Q000458:organization & administration; D007353:Insurance, Long-Term Care / Q000191:economics / Q000706:statistics & numerical data*; D008297:Male; D008484:Medicaid; D008875:Middle Aged; D017059:Models, Econometric; D055818:Public-Private Sector Partnerships; D011795:Surveys and Questionnaires; D014481:United States
keywords: H1; H3; I1; Insurance; L5; Long-term care; Medicaid; Partnership; Program