The Impact of State Tax Subsidies for Private Long-Term Care Insurance on Coverage and Medicaid Expenditures

I am extremely grateful to David Cutler and Amy Finkelstein for their guidance and support. I would also like to thank Michael Boskin, Jeffrey Brown, Avi Ebenstein, Richard Frank, David Grabowski, Damon Jones, Colleen Manchester, Kevin Mumford, Edward Norton, Anita Alves Pena, Jeffrey Rhoades, John Shoven, David Stevenson, Kathy Swartz, seminar participants at Harvard University and Stanford University, and participants at the Robert Wood Johnson Scholars in Health Policy Research Annual Meeting for helpful comments and discussion. Comments from the editor and two anonymous referees greatly improved the paper. All remaining errors are my own. Financial support from the Robert Wood Johnson Foundation is gratefully acknowledged. This paper previously circulated with the title "Do Tax Subsidies for Private Insurance Reduce Medicaid Costs? Evidence from the Market for Long-Term Care Insurance" The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.