Caring for the Disabled Elderly analyzes the major options for reforming the way long-term care is financed. It first explores the potential market for private long-term care insurance and other private sector initiatives. Then it turns to the advantages and disadvantages of various public sector programs. The study recommends both a greatly expanded role for the private sector in financing long-term care and a new public insurance program.

Alice M. Rivlin was a key player in national economic and social policymaking for nearly sixty years, serving in the administrations of Presidents Lyndon Johnson, Bill Clinton, and Barack Obama. She was the founding director of the Congressional Budget Office and was director of the Office of Management and Budget-the first woman to serve in either of those roles-and a vice chair of the Federal Reserve. She was a senior fellow in Economic Studies at the Brookings Institution for nearly six decades and also taught public policy at Georgetown, Harvard, and other universities. Her numerous books include Systematic Thinking for Social Action and Reviving the American Dream.