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Statistical research Essay Topics & Paper Examples

Long Term Care Insurance

Given the increasing longevity of Americans and the costs of providing long-term care, anticipation of the costs should be a major element of every family‚Äôs financial planning. Current information suggests however, that very few families or individuals give this consideration. What factors might impede this advance planning? What measures might be effective in raising awareness among Americans about this important matter? Support your answer with at least one outside reference. People tend to be irrational in their decisions with regard to long-term medical care. The factors that impede rational decision-making among health care consumers have not changed over the last decade. The major problem is that consumers lack relevant information about the availability and effectiveness of health care services in…