Long Term Care Insurance, Part II

Long-Term Care Insurance Can Be Costly but Effective NY Times, December 26, 2015

“Long-term care insurance isn’t for everybody, but it can be useful for people who are interested in preserving their estate for their heirs and for families determined to provide high-quality home care or a superior nursing home for aging loved ones."

This is a helpful article on a complicated subject.

Also see Long Term Care Insurance Part I.

Long Term Care Insurance: Baffling and Complex

This article in then December 18, 2015 NY Times is a good introduction to this thorny problem.

Long-Term Care Insurance Can Baffle, With Complex Policies and Costs

Insuring for long-term care is a lot like trying to cover the future financial impact of climate change. It’s a universal problem that looms large, is hard to predict and will be costly to mitigate.

Few have prepared for this gathering storm. Private long-term care insurance is available, of course, to help pay for expensive services if you are mentally or physically incapacitated late in life.

The "R" Word

What would happen if there was "a pill that would extend your life by one day, but it cost a billion dollars, it’s unlikely that many people would argue that health insurance should pay for it. We all understand that while the benefit might be real and quantifiable, it’s not worth the expense. But what if the pill cost a million dollars? And what if it extended your life by 10 years?"

This is a fine post on a Forbidden Topic in Health Policy Debate: Cost Effectiveness.

Rationing is definitely the “R” word.

Read full blog post.