Long-term care insurance policy dropping in the U.S. from 1996 to 2000: Evidence and implications for long-term care financing

Geneva Papers on Risk and Insurance: Issues and Practice

Volumn 29, Issue 4, 2004, Pages 640-651

  McNamara, Paul E ^a   Lee, Nayoung ^a  

^a UNIVERSITY OF ILLINOIS AT URBANA CHAMPAIGN   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 7444260847     PISSN: 10185895     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1468-0440.2004.00307.x     Document Type: Review

References (13)

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2. COHEN, M.A., 2003, "Private Long-Term Care Insurance: A Look Ahead", Journal of Aging and Health, 15, 1 (February), pp. 74-98.
3. CUTLER, D.M., 1993, "Why Doesn't the Market Fully Insure Long-Term Care?" National Bureau of Economic Research Working Paper No. 4301.
4. FINKELSTEIN, A. and MCGARRY, K., 2003, "Private Information and Its Effect on Market Equilibrium: New Evidence from Long-Term Care Insurance", National Bureau of Economic Research Working Paper No. 9957.
5. GREENE, W.H., 2000, Econometric Analysis. Upper Saddle River, N.J.: Prentice-Hall.
6. HEALTH INSURANCE ASSOCIATION OF AMERICA, 2003, Long-Term Care Insurance in 2000-2001. Accessed online at http://membership.hiaa.org/pdfs/policy/030130LTCExecutiveStudy.pdf on 6 July 2004.
7. LONG, J.S. and FREESE, J., 2001, Regression Models for Categorical Dependent Variables Using Stata. College Station, TX: Stata Press.
8. MELLOR, J.M., 2001, "Long-term Care and Nursing Home Coverage: Are Adult Children Substitutes for Insurance Policies?", Journal of Health Economics, 20, pp. 527-47.
9. MULLAHY, J., 1986, "Specification and Testing of Some Modified Count Data Models", Journal of Econometrics, 33, pp. 341-65.
10. NORTON, E., 2000, "Long-term Care", in A.J. Culyer and J.P. Newhouse (eds), Handbook of Health Economics, Vol. 1, Chapter 17. Elsevier Science.
11. PAULY, M.V., 1990, "The Rational Nonpurchase of Long-Term Care Insurance", Journal of Political Economy, 98, No. 1 (February), pp. 153-68.
12. SLOAN, F.A. and NORTON, E.C., 1997, "Adverse Selection, Bequests, Crowding Out, and Private Demand for Insurance: Evidence from the Long-term Care Insurance Market", Journal of Risk and Uncertainty, 15, pp. 201-19.
13. WIENER, J.M., ILLSTON, L.H. and HANLEY, R.J., 1994, Sharing the Burden: Strategies for Public and Private Long-term Care Insurance. Washington, DC: The Brookings Institution.