Bergquist, Savannah, Costa-Font, Joan and Swartz, Katherine (2016) Partnership program for long-term care insurance: the right model for addressing uncertainties with the future? Ageing & Society, 36 (9). pp. 1779-1793. ISSN 0144-686X
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Abstract
Public policies that provide incentives for higher middle-income people to purchase private long-term care insurance (LTCI) have been proposed as a way to shield large numbers of middle-income people from the risk of needing costly long-term care. A proposal to promote purchases of private LTCI that has gained modest traction in the United States of America is the Partnership Program. The structure and public–private nature of the Partnership Programs are reviewed along with the trends in sales of both regular private LTCI policies and Partnership LTCI policies to show that both experienced low purchase rates. Implementation efforts for the Partnership Programs were very modest, in part because many were launched when the Affordable Care Act was passed. At the same time, several well-known insurers withdrew from selling private LTCI. Understanding why the Partnership Program is not a success provides lessons for other counties interested in creating similar public–private ventures.
| Item Type: | Article |
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| Official URL: | http://journals.cambridge.org/action/displayJourna... |
| Additional Information: | © 2015 Cambridge University Press |
| Library of Congress subject classification: | H Social Sciences > H Social Sciences (General) |
| Sets: | Departments > European Institute Departments > Social Policy Research centres and groups > Centre for Economic Performance (CEP) Research centres and groups > LSE Health and Social Care |
| Date Deposited: | 19 Jun 2015 14:34 |
| URL: | http://eprints.lse.ac.uk/62369/ |
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