Title | Aging in America: Exploring the Long-Term Care Puzzle and Barriers to Private Insurance Coverage |
Publication Type | Thesis |
Year of Publication | 2018 |
Authors | O'Loughlin, JC |
Academic Department | Public Policy |
Degree | PhD |
Number of Pages | 219 |
University | George Mason University |
Thesis Type | phd |
ISBN Number | 9780438115132 |
Keywords | 0351:Gerontology, 0573:Public health, 0630:Public policy, Ageing, Aging, Elderly, Gerontology, Health and environmental sciences, Long-term Care, Long-term services and supports, Public Health, Public Policy, Social Sciences |
Abstract | The role of the long-term care insurance intermediary is a crucial but little-examined factor in the decision to purchase insurance coverage. In this mixed methods study, geographic analysis of trained intermediaries is associated with greater take-up of private ownership of long-term care insurance. Quantitative results suggest that access to a trained insurance intermediary increases the odds of obtaining coverage by four percent. Qualitative results highlight the classical market inefficiencies associated with low long-term care insurance take-up stemming from information asymmetry and the crucial demand-side factor of trust. Distrust of the delivery layer, underwriters, and government lies at the heart of the non-purchase decision. Policy implications include the improvement of LTCI ownership rates through greater access to trained agents to facilitate trust and understanding among long-term care insurance consumers. |
Notes | Copyright - Database copyright ProQuest LLC; ProQuest does not claim copyright in the individual underlying works; Last updated - 2018-07-20 |
URL | https://search.proquest.com/docview/2070392044?pq-origsite=gscholar |
Citation Key | 10344 |