Filed Under:Health Insurance, Ltci

LTC Spectre Also Haunts Europe

A London School of Economics economists warns that Europe should look out for LTC costs. (AP Photo/Sang Tan)
A London School of Economics economists warns that Europe should look out for LTC costs. (AP Photo/Sang Tan)

Few developed countries have done enough to insure -- either through public or private programs -- against looming long-term care (LTC) costs.

Joan Costa-i-Font, an associate professor at the London School of Economics, makes that argument in an article published on Vox, a website published by the school's Centre for Economic Policy Research.

Risk pooling through insurance programs can give people an efficient way to handle LTC costs, but many people are reluctant to participate in voluntary long-term care insurance (LTCI) programs, he says.

Too often, he says, government-supplied programs crowd out private LTCI.

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Nichole Morford

Nichole Morford
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