Insurers' views of the partnership for long-term care

The Partnership for Long-Term Care was established in 1986 to demonstrate the feasibility of implementing public-private collaborations to offer affordable long-term care insurance products to a broad range of individuals. A fall 1996 survey of long-term care insurers indicates that those who participate are major players in the market and that most plan to continue their participation. Insurers were motivated to participate because the Partnership provided an opportunity to contribute to "good" public policy, market a product with a state seal of approval, and potentially increase their market share. While the survey did reveal dissatisfaction with some aspects of the Partnership, it also demonstrated that it is possible to develop a working partnership between states and insurers despite the need for compromise.