Construct · 1 fields · 1 citations

long-term care insurance puzzle: a standalone construct

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long-term careinsurance puzzle1 CONSTRUCTLong-term care insuranceBROWN · HEALTH ECONOMICS

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Health economics

why few people buy private long-term care insurance despite large risks, including crowd-out by Medicaid.

In health economics, long-term care insurance puzzle refers to why few people buy private long-term care insurance despite large risks, including crowd-out by Medicaid. This meaning comes from Brown (2011) in Journal of Economic Perspectives.[1]

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References

  1. Brown, J. R., & Finkelstein, A. (2011). Insuring Long-Term Care in the United States. Journal of Economic Perspectives, 25(4), 119-142. https://doi.org/10.1257/jep.25.4.119

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