Wednesday, July 2, 2008

10 Reasons Why Long-term Care Financing Needs to be Reformed in America

He may not be David Letterman, but Eric Schubert with Ecumen’s Changing Aging Blog can sure put together a top 10 list…and today’s topic is an important one: why our country must change the way we finance long-term care. Take a look:
1.  The Age Wave is Unprecendented:  About 10 million Americans need long-term care today.  (Note: Long-term care is an array of services, from home care to assisted living, not simply nursing home care.)  By 2020, 12 million older Americans will need long-term care.
2.  Americans Want More Choice:  People want more choices than ever in how they live and receive care.  The nursing home isn’t a place they want to choose. Guess what?  Many states rely on institutional nursing homes for long-term care.   To pay for choices that today’s consumer desires, we have to have new ways to pay for care.

Norman DeLisle, MDRC
"With Liberty and Access for All!"
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