Revamping and strengthening the private long-term care insurance (LTCI) market might be one way to improve the U.S. long-term care (LTC) finance system, according to analysts at the Bipartisan Policy Center.
The analysts have released a white paper that talks generally about the challenges the U.S. “long-term services and supports” (LTSS) system faces.
The analysts are planning to a release a more detailed paper, complete with budget impact analyses, later this year.
Former Senate majority leaders Tom Daschle, D-S.D., and Bill Frist, R-Tenn., started the center together with Alice Rivlin, a former Congressional Budget Office director, and Tommy Thompson, a former U.S. Health and Human Services secretary.
In the white paper, center analysts looked at options for revamping Medicaid LTC benefits and independent saving efforts as well as the private LTCI market.
Authors of some earlier LTC system reform reports have mentioned private LTCI only in passing.
The authors of the new report are critical of current LTCI products.