Effect of public long-term care insurance on consumption, medical care demand, and welfare.


Many governments allocate public funds to individuals who need long-term care (LTC) services as a result of chronic illnesses and functional problems. In this paper, I investigate the effects of two common eligibility criteria of LTC programs: means-tested and health-based programs. I find that publicly provided health-based LTC crowds out the medical… (More)
DOI: 10.1016/j.jhealeco.2008.07.008

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