Word: rivlin
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Using a computer, Rivlin created "a microsimulation model" of the population to examine the cost and effects of various types of health financing plans until the year 2020 for people of means. She says her model took into account such personal characteristics as income, assets, pension rates and disabilities...
From the study, Rivlin concluded that major changes in the current system will be necessary to help solve the growing health care problem...
First, people will have to rely increasingly on private insurance and private savings to help pay for long-term care. But this will not be enough, as most people, especially the elderly, do not and will not have the financial resources to afford the services, says Rivlin, former director of the Congressional Budget Office...
...result, part of the answer to the problem may lie with increasing government spending. Rivlin says that Medicare should be expanded to accomodate long-term health care costs, since the federally funded medical insurance program does not currently cover such expenses...
...their financial situation, whereas Medicaid, a welfare program, is given only to those who demonstrate the financial need for the money. If Medicare were expanded to cover long-term care costs, it would also remove a significant burden currently placed on Medicaid funds to cover such expenses, says Rivlin, who received her Ph.D. in economics from Harvard...