Researchers at University of Rochester Target Health and Society (The Impact of Consumer Numeracy on the Purchase of Long-Term Care Insurance)

By a News Reporter-Staff News Editor at Health & Medicine Week -- Data detailed on Health and Medicine have been presented. According to news reporting from Rochester, New York, by NewsRx journalists, research stated, "To determine the effect of consumers' numeric abilities on the likelihood of owning private long-term care insurance. Data Source. The 2010 wave of the Health and Retirement Study, a nationally representative survey of Americans age 50 and older, was used (n = 12,796)."

Funders for this research include Agency for Health Care Quality and Research, National Institute on Minority Health and Health Disparities (see also Health and Medicine).

The news correspondents obtained a quote from the research from the University of Rochester, "Multivariate logistic regression was used to isolate the relationship between numeracy and long-term care insurance ownership. Each additional question answered correctly on a numeracy scale was associated with a 13 percent increase in the likelihood of holding LTCI, after controlling for predictors of policy demand, education, and cognitive function. Poor numeracy may create barriers to long-term care insurance purchase."

According to the news reporters, the research concluded: "Policy efforts aimed at increasing consumer decision support or restructuring the marketplace for long-term care insurance may be needed to increase older adults' ability to prepare for future long-term care expenses."

For more information on this research see: The Impact of Consumer Numeracy on the Purchase of Long-Term Care Insurance. Health Services Research, 2016;51(4):1612-1631. Health Services Research can be contacted at: Wiley-Blackwell, 111 River St, Hoboken 07030-5774, NJ, USA. (Wiley-Blackwell - www.wiley.com/; Health Services Research - onlinelibrary.wiley.com/journal/10.1111/(ISSN)1475-6773)

Our news journalists report that additional information may be obtained by contacting of Rochester, Hlth Serv Res & Policy, Dept. of Public Hlth Sci, Sch Med & Dental, Rochester, NY 14642, United States. Additional authors for this research include H. Temkin-Greener, B.P. Chapman, D.C. Grabowski and Y. Li.

Keywords for this news article include: Rochester, New York, United States, North and Central America, Health and Medicine, University of Rochester.

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