Long-Term Care Insurance: The Edge of an Emerging Market

Article Abstract:

This article deals with the feasibility of financing long-term disability by private insurance companies. It is a new concept for long-term care to be waranteed, but since the advent of Medicaid, the state requires the aged to make payments for such an eventuality. The market for long-term care is changing; witness those buying cancer protection policies and recognizing the need to plan for their older age. Similarly, the healthcare industry, including hospitals, nursing homes and insurers, should recognize that they hold a common interest with state government and Medicaid agencies to expedite long-term care financing. Business and government should use their differing vantage points to explore public and private sector initiatives for this type of insurance policy.

Aged, Elderly, Finance, Services, Insurance industry, Capacity and disability

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The Capital Requirements for Long-Term Care Facilities

Article Abstract:

Requirements for long-term care (LTC) facilities in the United States are growing as the population ages. The requirements for capital for such facilities are outlined. A chart showing population age trends verifies the need. The potential demand for nursing home beds and retirement centers are outlined in charts two and three. Potential investment for new LTC facilities before the year 2000 are detailed in another chart. Overall investment in LTC facilities will be about $50 billion before 1990, and $130 billion by 2000.

Forecasts and trends, Medical care

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Similar abstracts:

• Abstracts: Financing an Alternative for Group Health Insurance. Financing Strategies for Long-Term Care Facilities. Financing Long-Term Care: HIAA's Evaluation

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