The Impact of the Partnership Long-Term Care Insurance Program on Private Coverage and Medicaid Expenditures
2013, Journal of Health Economics
Haizhen Lin, Jeffrey Prince
We examine the impact of U.S. states’ adoption of the partnership long-term care (LTC) insurance program on households’ purchases of private coverage. Targeting middle-class households, this program increases the benefits of privately insuring via a higher asset threshold for Medicaid eligibility for LTC coverage. We find that the program generates few new purchases of LTC insurance, and that those it generates are almost entirely by wealthy individuals.
Lin, Haizhen, and Jeffrey Prince (2013), "The Impact of the Partnership Long-Term Care Insurance Program on Private Coverage and Medicaid Expenditures," Journal of Health Economics, Vol. 32, No. 6, pp. 1205-1213.