In 2011, 13 percent of Americans were over 65 years old. In the coming years, this number will only increase. Unsurprisingly, the demand for long-term care will also increase. Currently, spending on long-term care in Medicaid only was over $50 billion in 2009. One option for increasing the affordability of the long-term care market is [...]
Read the rest of this entry »CLASS Act: Will it work?
One aspect of health reform that has received little attention is passage of the Community Living Assistance Services and Supports(CLASS) Act. This act creates a long-term care (LTC) insurance program. However, the insurance plan in its current form is fairly limited. Those who require assistance with activities such as bathing, dressing, getting out of bed [...]
Read the rest of this entry »