Brown, Jeffrey Robert; Coe, Norma B.; Finkelstein, Amy - National Bureau of Economic Research (NBER) - 2006
This paper provides empirical evidence of Medicaid crowd out of demand for private long-term care insurance. Using data on the near- and young-elderly in the Health and Retirement Survey, our central estimate suggests that a $10,000 decrease in the level of assets an individual can keep while...