The value of informal long-term care provided by family, Ask an Expert

Economics

The value of informal long-term care provided by family members and friends is estimated at over $450 billion annually, more than double the national expenditures for skilled nursing and home care combined. Much of this cost would fall to government if it were not for this informal system. Would you support government assistance for informal caregivers, through mechanisms such as tax reduction incentives, or subsidy for respite care? Why or why not? If not, what alternative measures would you propose to help keep the informal system intact?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91925289

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