Impoverishment as a consequence of continuous institutionalization in a nursing home is both an important public policy problem and the plight of too many older Americans. One form of long-term care (LTC) insurance, the continuing care retirement community (CCRC) or life care community, is discussed in detail. This small long-term care self-insurance group is contrasted with two other forms of LTC insurance.
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Laurence G. Branch (1987) studied this question.