How Much Is This Going to Cost? Inviting the Math Club to the Table
Projection models enable users to assess the costs and benefits of changes to long-term services and supports policies and to compare policy options, using a consistent set of underlying assumptions. Outlined are key challenges model developers face, including data limitations, difficulties
anticipating potential behavioral responses, the need to assign appropriate benchmarks, the value of family care and intangibles like autonomy and quality of life, and grappling with uncertainty. The authors also detail substantive lessons learned about policy and describe modeling best practices,
including sensitivity analyses.
Keywords: FINANCING; LONG-TERM SERVICES AND SUPPORTS; MODELS; POLICY
Document Type: Research Article
Publication date: 01 March 2019
- Practitioners and researchers in the field of aging have long relied on Generations to provide them with in-depth research, practical applications, and valuable insight into the lives of older adults and those who work with them. Each issue features several articles on a single topic, guest-edited by one or more recognized experts in the subject area, and includes contributions from a range of practitioners, researchers, policymakers and elders. Authoritative and comprehensive, Generations offers a wide range of perspectives on relevant and timely topics in aging. This is what makes Generations an ideal resource for professionals, academics and anyone interested in aging.
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