Prediction of the Economic Cost of Individual Long-Term Care in the Spanish Population

Bolancé, Catalina; Alemany, Ramón; Guillén, Montserrat

doi:10.2139/ssrn.1815082

Cited by 19 publications

(3 citation statements)

References 18 publications

(10 reference statements)

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“…Finalmente, cabe señalar que otros trabajos calculan un coste medio por punto de BVD (Sosvilla et al, 2011) en lugar de asignar un coste medio a cada grado de dependencia, obteniendo valores muy similares. Dicho enfoque más individualizado puede ser más adecuado si el objetivo es analizar la forma de la distribución de los costes de los CLD (Bolancé et al, 2010).…”

Section: Grados De Dependencia Y Costes De Los Cldunclassified

coste de los cuidados de larga duración en la población española: análisis comparativo entre los años 1999 y 2008

Zanón¹,

Leira²,

Losilla³

et al. 2016

RMCE

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Este trabajo analiza los costes de los cuidados de larga duración (CLD) ligados a los individuos en situación de dependencia. El coste económico unitario de los servicios de cuidados de larga duración está relacionado con el tiempo esperado de necesidad de la atención y la intensidad de los servicios requeridos. Se ha estimado el coste individual esperado en CLD, desde el momento en que se inicia la dependencia, para la población española mayor de 65 años y separadamente para los hombres y las mujeres. Los datos utilizados corresponden a las dos grandes operaciones estadísticas sobre discapacidad y dependencia llevadas a cabo por el Instituto Nacional de Estadística (INE) en 1999 y en 2008. También se han utilizado las tablas de mortalidad del INE y, con ellas, se han creado escenarios realistas para la longevidad. La posibilidad de reproducir el análisis para los años 1999 y 2008 ha permitido la comparación entre ambos años, así como el análisis de la tendencia registrada en la última década por la longevidad, la prevalencia de la dependencia y los costes esperados. Finalmente, hemos analizado, por un lado, el efecto del incremento de la esperanza de vida y de la prevalencia de la dependencia y, por otro, el efecto de la inflación sobre la evolución de los costes de los cuidados de larga duración.

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Section: Grados De Dependencia Y Costes De Los Cldunclassified

coste de los cuidados de larga duración en la población española: análisis comparativo entre los años 1999 y 2008

Zanón¹,

Leira²,

Losilla³

et al. 2016

RMCE

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show abstract

“…Therefore individuals or their families need to cover the rest of the costs of care using their own income or wealth. Bolancé, et al (2010) estimated the distribution function of lifetime LTC cost for men aged 65 6 . A large survey by the Spanish Statistical Institute carried out in 2008 was used to produce the estimate.…”

Section: A Case Study: the Public Ltc System In Spainmentioning

confidence: 99%

“…We propose a method to assess how much risk is mitigated by a LTC protection system that would otherwise be born by individuals or their families. Our quantitative risk measurement relies on basic statistical concepts such as the estimated statistical distribution of lifetime costs of care, which can be obtained by micro-simulation (Fernandez and Forder, 2011) or by a method inspired on multiple decrement tables (see, Bolancé et al, 2010).…”

Section: Introductionmentioning

confidence: 99%

How Much Risk is Mitigated by LTC Insurance? A Case Study of the Public System in Spain

Comas-Herrera

Guillén²

2011

SSRN Journal

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We present a methodology to measure the risk of incurring extremely large individual lifetime costs of Long Term Care. We show that this method can be used to compare risk reductions achieved by alternative Long-Term Care (LTC) protection plans. Our proposed methodology is illustrated with a case study. Our estimates show that, according to our proposed risk measure, the Spanish public LTC system mitigates individual risk by more than 30% compared to the situation where no public protection is available. However, Spanish public LTC system still leaves individuals facing very high lifetime costs of care. We estimate that there is a risk of about 1% that a man will have to spend more than 211.8 thousand euros and a risk of about 1% that a women will have to spend about 232.6 thousand euros to cover lifetime LTC costs. Despite the current public Spanish LTC coverage, risk mitigation may still be too low since catastrophic costs of care persists and therefore, we suggest that private insurance should be strongly promoted.

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How Much Risk Is Mitigated by LTC Protection Schemes? A Methodological Note and a Case Study of the Public System in Spain

Guillén

Comas-Herrera

2012

Geneva Pap Risk Insur Issues Pract

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We present a methodology to measure the risk of incurring extremely large individual lifetime costs of long-term care (LTC). We show a method that can be used to compare the risk reductions achieved by alternative LTC protection plans. Our proposed methodology is illustrated with a case study. Our estimates show that, according to our proposed risk measure, the Spanish public LTC system mitigates individual risk by more than 30 per cent compared to the situation where no public protection is available. However, the Spanish public LTC system still leaves individuals facing very high lifetime costs of care. We estimate that there is a risk of about 1 per cent that a man will have to spend more than h211,800 and a risk of about 1 per cent that a woman will have to spend about h232,600 to cover lifetime LTC costs. Despite the current public Spanish LTC coverage, risk mitigation may still be too low since catastrophic costs of care persist and, therefore, we suggest that private insurance should be encouraged.

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Prediction of the Economic Cost of Individual Long-Term Care in the Spanish Population

Cited by 19 publications

References 18 publications

coste de los cuidados de larga duración en la población española: análisis comparativo entre los años 1999 y 2008

coste de los cuidados de larga duración en la población española: análisis comparativo entre los años 1999 y 2008

How Much Risk is Mitigated by LTC Insurance? A Case Study of the Public System in Spain

How Much Risk Is Mitigated by LTC Protection Schemes? A Methodological Note and a Case Study of the Public System in Spain

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