Abstract
Most people spend most of their lives in good health. Sometimes these periods are interrupted by relatively brief but severe illnesses for which medical services are effective. If the services are not effective, death follows, but if they do work, the person soon returns to normal life. In such cases, the main adverse consequence of the period of illness is its cost — in terms of medical care cost, lost income, and lost social interaction — all losses which can be, and are, to some extent, offset by conventional insurances.
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Pauly, M.V. (1996). Almost Optimal Social Insurance for Long-Term Care. In: Eisen, R., Sloan, F.A. (eds) Long-Term Care: Economic Issues and Policy Solutions. Developments in Health Economics and Public Policy, vol 5. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-4096-0_15
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DOI: https://doi.org/10.1007/978-1-4615-4096-0_15
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