國立虎尾科技大學 |

Achieving Public Long-Term Care Insurance Through Social Security Wealth : = Microsimulation for the US Case.

紀錄類型:	書目-語言資料,手稿 : Monograph/item
正題名/作者:	Achieving Public Long-Term Care Insurance Through Social Security Wealth :/
其他題名:	Microsimulation for the US Case.
作者:	Genest, Alexandre.
面頁冊數:	1 online resource (218 pages)
附註:	Source: Dissertation Abstracts International, Volume: 78-06(E), Section: A.
標題:	Public administration. -
電子資源:	click for full text (PQDT)
ISBN:	9781369531794

Achieving Public Long-Term Care Insurance Through Social Security Wealth : = Microsimulation for the US Case.
Genest, Alexandre.

Achieving Public Long-Term Care Insurance Through Social Security Wealth :Microsimulation for the US Case. - 1 online resource (218 pages)

Source: Dissertation Abstracts International, Volume: 78-06(E), Section: A.

Thesis (Ph.D.)--Syracuse University, 2016.

Includes bibliographical references

The risk of needing long-term care (LTC) at some point in one's life is non-negligible, and the cost of care--whether in formal or informal settings-- can be prohibitive for many seniors. In fact LTC is sometimes labeled the last major uninsured expense for seniors in the United States. The majority of LTC costs are currently borne by Medicaid and out-of-pocket spending, while private insurance coverage remains minimal. The take-up of private insurance among American seniors has remained low, in part because of the large (and growing) cost of premiums, as well as the presence of Medicaid. As the payer of last resort, Medicaid forces seniors with LTC needs to liquidate their assets to bare minimums, and then use most of their retirement income as co-payment, leaving no possibility for bequests. Because there is no middle ground between costly private insurance and Medicaid, many middle-income seniors end up on Medicaid, sometimes after having sheltered assets away, thus burdening taxpayers with the cost of their care. Expanding on policy proposals by Chen (1993, 1994, 2003, 2007), and Murtaugh, Spillman & Warshawsky (2001, 2003), I propose an intermediate approach to LTC insurance, where universally-accessible, non-compulsory LTC insurance could be bought off Social Security wealth at age 65. Buyers with enough accumulated Social Security wealth at 65 would agree to receive lower Social Security retirement benefits for the remainder of their life, in exchange for a supplemental annuity in the event of LTC needs. Through a microsimulation of costs and benefits, I locate the area on the income/wealth distribution where taking up this LTC insurance would make economic sense for seniors. A secondary goal of the microsimulation will be to assess potential savings in Medicaid spending on LTC care.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018

Mode of access: World Wide Web

ISBN: 9781369531794Subjects--Topical Terms:

562473
Public administration.
Index Terms--Genre/Form:

554714
Electronic books.

Achieving Public Long-Term Care Insurance Through Social Security Wealth : = Microsimulation for the US Case.
LDR:03047ntm a2200337K 4500 001 915805
005 20180823122925.5
006 m o u
007 cr mn||||a|a||
008 190606s2016 xx obm 000 0 eng d
020 $a 9781369531794
035 $a (MiAaPQ)AAI10252719
035 $a (MiAaPQ)syr:11532
035 $a AAI10252719
040 $a MiAaPQ $b eng $c MiAaPQ
100 1 $a Genest, Alexandre. $3 1189312
245 1 0 $a Achieving Public Long-Term Care Insurance Through Social Security Wealth : $b Microsimulation for the US Case.
264 0 $c 2016
300 $a 1 online resource (218 pages)
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
500 $a Source: Dissertation Abstracts International, Volume: 78-06(E), Section: A.
500 $a Advisers: Douglas A. Wolf; Andrew S. London.
502 $a Thesis (Ph.D.)--Syracuse University, 2016.
504 $a Includes bibliographical references
520 $a The risk of needing long-term care (LTC) at some point in one's life is non-negligible, and the cost of care--whether in formal or informal settings-- can be prohibitive for many seniors. In fact LTC is sometimes labeled the last major uninsured expense for seniors in the United States. The majority of LTC costs are currently borne by Medicaid and out-of-pocket spending, while private insurance coverage remains minimal. The take-up of private insurance among American seniors has remained low, in part because of the large (and growing) cost of premiums, as well as the presence of Medicaid. As the payer of last resort, Medicaid forces seniors with LTC needs to liquidate their assets to bare minimums, and then use most of their retirement income as co-payment, leaving no possibility for bequests. Because there is no middle ground between costly private insurance and Medicaid, many middle-income seniors end up on Medicaid, sometimes after having sheltered assets away, thus burdening taxpayers with the cost of their care. Expanding on policy proposals by Chen (1993, 1994, 2003, 2007), and Murtaugh, Spillman & Warshawsky (2001, 2003), I propose an intermediate approach to LTC insurance, where universally-accessible, non-compulsory LTC insurance could be bought off Social Security wealth at age 65. Buyers with enough accumulated Social Security wealth at 65 would agree to receive lower Social Security retirement benefits for the remainder of their life, in exchange for a supplemental annuity in the event of LTC needs. Through a microsimulation of costs and benefits, I locate the area on the income/wealth distribution where taking up this LTC insurance would make economic sense for seniors. A secondary goal of the microsimulation will be to assess potential savings in Medicaid spending on LTC care.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2018
538 $a Mode of access: World Wide Web
650 4 $a Public administration. $3 562473
650 4 $a Public policy. $3 1002398
650 4 $a Aging. $3 559847
655 7 $a Electronic books. $2 local $3 554714
690 $a 0617
690 $a 0630
690 $a 0493
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a Syracuse University. $b Public Administration. $3 1189313
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10252719 $z click for full text (PQDT)