• Explain the role of insurance on public and private expenditures for Long Term Care. •...

• Explain the role of insurance on public and private expenditures for Long Term Care.

• Provide your opinion of the future of Long Term Care, its economic viability and sustainability, and its impact on the overall economy.

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Expert Solution

The role of insurance on the private and public expenditure for long term care involves the funds from the private and public players that provide the financial resources for carrying out the long term care. Furthermore, health insurance of individuals acts as a health coverage for the individuals that are either entirely or partially funded by the private and public expenditure.

The future long term care will highly be funded by the public and private players because there are many players in this field that are willing to earn huge revenue out of this business. Owing to the rising medical costs, the long term care is economically viable and sustainable as well. It is important to mention that rising medical costs and the costs of health treatment will lead people to highly incline for long term care and health insurances and this will positively impact the economy.

keosha answered 1 year ago

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