The Challenge of Financing Long-term Care. Urban Institute. Judith Feder. June 2, 2015.
The paper examines the nature of long-term care financing–who needs care, how they get care, and how care is financed. It demonstrates that for long-term care, like health care, insurance is essential to spreading risk. But neither public programs nor the private sector, currently provide that insurance. As the population ages, the inequity and inadequacy of current financing mechanisms will increase. The paper concludes that enactment of public social insurance protection is essential to protect Americans against the unpredictable, catastrophic risk of needing expensive, extensive long-term care. [Note: contains copyrighted material].
[PDF format, 17 pages, 225.5 KB].