Does Medicaid Crowd Out Private Long-Term Care Insurance?

Medicaid finances care for 70 percent of all people in nursing homes and covers half of all the money spent for long-term care. The strain on state budgets is intense, and the National Governors Association has demanded federal relief. Private long-term care insurance could reduce some of those spending pressures, but few people buy such coverage today. Is Medicaid making its own problems worse by discouraging people from investing in long-term care insurance?

Professor Jeffrey Brown of the University of Illinois will present a new study of Medicaid crowd-out (co-authored with Dr. Amy Finkelstein). A panel of experts will offer their critique of the study, and assess the barriers facing private long-term care insurance.

About the Author

 

Joseph
Antos

  • Mr. Antos's research focuses on the economics of health policy—including Medicare and broader health system reform, health care financing, health insurance regulation, and the uninsured—and federal budget policy. He has written and spoken extensively on the Medicare drug benefit and has led a team of experienced independent actuaries and cost estimators in a study to evaluate various proposals to extend health coverage to the uninsured. His work on the country’s budget crisis includes a detailed plan to achieve fiscal stability and economic growth developed in conjunction with AEI colleagues.  


    Joseph Antos is also a commissioner of the Maryland Health Services Cost Review Commission and a health adviser to the Congressional Budget Office.  Before joining AEI, Mr. Antos was Assistant Director for Health and Human Resources at the Congressional Budget Office.




    Watch Mr. Antos in an interview with Bill Erwin of the Alliance for Health Reform on "Will Health Reform Reduce the Federal Deficit?"

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    Email: jantos@aei.org
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