The impact of a long-term care information campaign on insurance coverage.

Year of Publication
2023
Author
Journal
Journal of Health Economics
Volume
92
Number of Pages
102822
ISSN Number
1879-1646
Abstract

I estimate the impact of an information campaign on long-term care planning behaviors. I identify this effect using the staggered timing of the federal-state "Own Your Future" campaign, which urged individuals to plan ahead for long-term care needs and reached 26 states over five years. I find the campaign increased long-term care insurance coverage for individuals in the top quintile of the asset distribution by four percentage points, or seventeen percent. A back-of-the-envelope calculation indicates Medicaid savings of $483 million in present value.

DOI
10.1016/j.jhealeco.2023.102822
PMID
37804552
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