Magazine article The Wilson Quarterly

The Other Insurance

Magazine article The Wilson Quarterly

The Other Insurance

Article excerpt

THE SOURCE: "Genetic Testing for Alzheimer's and Long-Term Care Insurance" by Donald H. Taylor Jr., Robert M. Cook-Deegan, Susan Hiraki, J. Scott Roberts, Dan G. Blazer, and Robert C. Green, in Health Affairs, Jan. 2010.

AN OVERWHELMING MAJORITY of Americans who live to 65 will eventually require long-term care, but less than 10 percent over the age of 50 have long-term care insurance. Those familiar with nursing homes and home-health aides know that such care doesn't come cheap: National spending on long-term care topped $206 billion in 2005, according to Georgetown University's Health Policy Institute. "Virtually the entire U.S. population is at some risk of using more care than their assets can finance," write Duke public policy professor Donald H. Taylor Jr. and his coauthors.

Advances in genetic screening may upend how long-term care is financed. Taylor and colleagues found that when people learned they had a genotype that increased their likelihood of developing Alzheimer's disease, which sends 75 percent of sufferers to nursing homes, they were 2.3 times more likely to acquire longterm care insurance. The problem is that the availability of such genetic tests could flood insurance companies with more high-risk customers, undermining the financial logic of insurance. …

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