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How much risk is mitigated by long-term care protection schemes? A methodological note and a case study of the public system in Spain

Comas-Herrera, Adelina and Guillén, Montserrat (2012) How much risk is mitigated by long-term care protection schemes? A methodological note and a case study of the public system in Spain. LSE Health and Social Care (01 Nov 2012). Website.

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Abstract

One of the main objectives of long-term care (LTC) projection schemes, public and private, is to mitigate the risk to individuals of being exposed to “catastrophic” costs of care, which can occur when a person needs care for a very long period of time. A US-based study suggested that the average value of lifetime long-term care expenditures for people turning 65 in 2005 was approximately $47,000, with 28% of individuals facing costs in excess of $100,000 (Kemper et al. 2005).

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/healthandsocialcare/
Additional Information: © 2012 The Author(s); Online
Divisions: LSE
Subjects: H Social Sciences > HG Finance
J Political Science > JF Political institutions (General)
J Political Science > JN Political institutions (Europe) > JN101 Great Britain
R Medicine > RA Public aspects of medicine
Sets: Collections > Health and Social Care at LSE Blog
Date Deposited: 18 May 2017 15:35
Last Modified: 28 Jun 2020 23:09
URI: http://eprints.lse.ac.uk/id/eprint/77702

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