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Moral hazard and long-term care insurance

Geneva Papers on Risk and Insurance: Issues and Practice, 2019
In private long-term care insurance markets, moral hazard is central to pricing and long-run robustness of the market, yet there is remarkably little evidence on the extent to which moral hazard is present in long-term care insurance. We use Health and Retirement Study data from 1996 to 2014 to assess moral hazard in nursing home and home care use in ...
R Tamara Konetzka, Daifeng He
exaly   +4 more sources

Long-Term Care Insurance Decisions

Decision Analysis, 2016
The purchase of long-term care (LTC) insurance is a difficult lifetime choice made in the face of highly uncertain risks, including mortality, morbidity, timing and length of LTC, and portfolio investment risk. Many individuals do not know how to think about this decision properly and, in the face of too much anecdotal and too little objective ...
Samuel E. Bodily, Bryan Furman
openaire   +2 more sources

Long-Term Care Insurance in Japan

Journal of Aging & Social Policy, 2005
Abstract Japan has instituted one of the most comprehensive forms of long-term care insurance in the world. This chapter provides an overview description of this novel system of care. It also describes the historical and political forces that led to the adoption of this social program.
Martha N, Ozawa, Shingo, Nakayama
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Insuring Long-Term Care

1988
Paying for long-term care has become a major problem for older people, their families, and society and will be an increasingly serious problem in the future. With increased longevity, many more people face a period of serious disability in old age. Most are cared for informally by relatives and friends, albeit often at great emotional and sometimes ...
A M, Rivlin, J M, Wiener, D A, Spence
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Long-Term Care Insurance and Medicaid

Health Affairs, 1994
Depending on length-of-stay, somewhere between 29 percent and 38 percent of long-term care insurance purchasers who use nursing homes would qualify for Medicaid payments if they did not own a policy. This is equivalent to between 13 percent and 17 percent of all policyholders.
M A, Cohen, N, Kumar, S S, Wallack
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