Book Review Sharing the Burden: Strategies for public and private long-term care insurance By Joshua M. Wiener, Laurel Hixon Illston, and Raymond J. Hanley. 243 pp. Washington, D.C., Brookings Institution, 1994. $34.95 (cloth), $14.95 (paper). 0-8157-9378-2 (cloth), 0-8157-9377-4 (paper).

1995 ◽  
Vol 332 (3) ◽  
pp. 194-195 ◽  
Author(s):  
Harry Schwartz
Keyword(s):  
Long Term Care ◽  
Brookings Institution ◽  
Term Care ◽  
Public And Private ◽  
Long Term Care Insurance

Sharing the Burden: Strategies for Public and Private Long-Term Care Insurance.

1995 ◽  
Vol 110 (2) ◽  
pp. 329
Author(s):  
Richard P. Nathan ◽  
Joshua M. Wiener ◽  
Laurel Hixon Illston ◽  
Raymond J. Hanley
Keyword(s):  
Long Term Care ◽  
Term Care ◽  
Public And Private ◽  
Long Term Care Insurance

scholarly journals Long-Term Care: Is There Crowding Out of Informal Care, Private Insurance as Well as Saving?

2016 ◽  
Vol 10 (1) ◽  
Author(s):  
Peter Zweifel ◽  
Christophe Courbage
Keyword(s):  
Informal Care ◽  
Long Term Care ◽  
Private Insurance ◽  
Insurance Market ◽  
Crowding Out ◽  
Term Care ◽  
Public And Private ◽  
Long Term Care Insurance ◽  
Crowd Out

AbstractPublicly provided long-term care (LTC) insurance with means-tested benefits is suspected to crowd out either private LTC insurance (Brown and Finkelstein 2008. The Interaction of Public and Private Insurance: Medicaid and the Long-Term Care Insurance Market.

scholarly journals The Interaction of Public and Private Insurance: Medicaid and the Long-Term Care Insurance Market

2008 ◽  
Vol 98 (3) ◽  
pp. 1083-1102 ◽  
Author(s):  
Jeffrey R Brown ◽  
Amy Finkelstein
Keyword(s):  
Long Term Care ◽  
Wealth Distribution ◽  
Private Insurance ◽  
Insurance Market ◽  
Term Care ◽  
Public And Private ◽  
Limited Efficacy ◽  
Long Term Care Insurance ◽  
Crowd Out

We show that even incomplete public insurance can crowd out private insurance demand. We estimate that Medicaid could explain the lack of private long-term care insurance for about two-thirds of the wealth distribution, even if no other factors limited the market's size. Yet Medicaid provides incomplete consumption smoothing for most individuals. Medicaid's crowd-out effect stems from the large implicit tax (about 60–75 percent for a median-wealth individual) that Medicaid imposes on private insurance. An implication is that public policies designed to stimulate the private insurance market will have limited efficacy as long as Medicaid's large implicit tax remains. (JEL G22, I18, I38)

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