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Partnership insurance. An innovation to meet LTC financing needs
1University of Maryland's Center on Aging, College Park, Maryland, USA.
Caring : National Association for Home Care Magazine
|April 17, 2001
Summary
The Robert Wood Johnson Foundation developed the Partnership for Long-Term Care, an innovative public-private insurance program. This initiative supports state-based long-term care financing strategies.
Area of Science:
- Health Policy
- Public Health
- Insurance Programs
Background:
- The Robert Wood Johnson Foundation (RWJF) initiated efforts in the mid-1980s to address long-term care financing.
- State-based initiatives required support for effective long-term care solutions.
Purpose of the Study:
- To explore and develop innovative financing mechanisms for long-term care.
- To establish a sustainable model for public-private collaboration in long-term care insurance.
Main Methods:
- Foundation-led exploration and development of policy frameworks.
- Collaboration between public sector entities and private insurance markets.
Main Results:
- Successful creation of the Partnership for Long-Term Care program.
- Establishment of a novel public-private long-term care insurance model.
Conclusions:
- The Partnership for Long-Term Care represents a significant advancement in long-term care financing.
- Public-private partnerships can effectively address complex healthcare funding challenges.
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