Issue Briefs
Date of this Version
4-15-2020
Abstract
Unlike many other developed nations, the U.S. has no system that protects its residents against the high costs of long-term care, which many people will need as they age. Medicaid coverage kicks in only after families have exhausted their resources. Until then, families bear the financial and caregiving burden of LTC themselves. In the absence of a national system, several states have considered or passed programs that offer some support for LTC. Many peer nations have more comprehensive systems to spread the risk for LTC costs across their population, through social insurance or other mechanisms. This Issue Brief reviews international models of financing LTC, as well as recent state efforts, to help U.S. policymakers design a program that can meet the LTC challenges of an aging population.
Document Type
Brief
Volume
23
Number
3
License
This work is licensed under a Creative Commons Attribution-No Derivative Works 4.0 License.
Keywords
"long-term care, aging health, long term care, nursing home, ltc, aging"
View On LDI Website
https://ldi.upenn.edu/brief/policy-options-financing-long-term-care-us
Included in
Geriatrics Commons, Health and Medical Administration Commons, Health Policy Commons, Health Services Administration Commons, Health Services Research Commons, International Public Health Commons, Other Public Health Commons
Date Posted: 15 June 2020