TY - JOUR
T1 - The private market for long-term care insurance in the United States
T2 - A review of the evidence
AU - Brown, Jeffrey R.
AU - Finkelstein, Amy
PY - 2009/2/10
Y1 - 2009/2/10
N2 - This article reviews the growing literature on the market for private long-term care insurance, a market notable for its small size despite the fact that long-term care expenses are potentially large and highly uncertain. After summarizing long-term care utilization and insurance coverage in the United States, the article reviews research on the supply of and the demand for private long-term care insurance. It concludes that demand-side factors impose important limits on the size of the private market and that we currently have a limited understanding of how public policies could be designed to encourage the growth of this market.
AB - This article reviews the growing literature on the market for private long-term care insurance, a market notable for its small size despite the fact that long-term care expenses are potentially large and highly uncertain. After summarizing long-term care utilization and insurance coverage in the United States, the article reviews research on the supply of and the demand for private long-term care insurance. It concludes that demand-side factors impose important limits on the size of the private market and that we currently have a limited understanding of how public policies could be designed to encourage the growth of this market.
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U2 - 10.1111/j.1539-6975.2009.01286.x
DO - 10.1111/j.1539-6975.2009.01286.x
M3 - Article
AN - SCOPUS:60049091792
SN - 0022-4367
VL - 76
SP - 5
EP - 29
JO - Journal of Risk and Insurance
JF - Journal of Risk and Insurance
IS - 1
ER -