Long-term care : a suitable case for social insurance
By: BARR, Nicholas
.
Material type: 
ArticlePublisher: Oxford : Wiley-Blackwell, August 2010Social Policy & Administration 44, 4, p. 359-374Abstract: There are potentially large welfare gains if people can buy insurance that covers the costs of long-term care. However, technical problems largely information problems face both the providers of insurance and potential buyers. These problems on both the supply and demand sides of the market suggest that the actuarial mechanism is not well suited to addressing risks associated with long-term care. This line of argument underpins the article's main conclusion that social insurance is a better fit
No physical items for this record
There are potentially large welfare gains if people can buy insurance that covers the costs of long-term care. However, technical problems largely information problems face both the providers of insurance and potential buyers. These problems on both the supply and demand sides of the market suggest that the actuarial mechanism is not well suited to addressing risks associated with long-term care. This line of argument underpins the article's main conclusion that social insurance is a better fit
Click on an image to view it in the image viewer
There are no comments for this item.