We can prevent the ‘crowding out’ of long term care insurance by family financing if government offers a level of provision that can then be topped up

Families face several solutions to provide for the costs of long term care for elderly family members, should the need arise: public or private insurance, savings or family financing. Joan Costa Font argues that the prevalence of this family financing in the UK and the EU is likely to ‘crowd out’ other types of insurance, and that the government can increase take-up of insurance by offering a ‘benchmark’ level of public financing that families can then supplement.