Navigation Links
Congress Proclaims Support for Long Term Care Awareness Week; Recent Poll Shows Voters Want Long Term Care Included in Presidential Candidates' Healthcare Proposals

Research Also Reveals 70% of Americans Have No Long Term Care Plans

WASHINGTON, Nov. 6 /PRNewswire-FirstCall/ -- To focus attention on the growing impact long term care has on American families, the U.S. House of Representatives has for the first time issued a resolution proclaiming its support for national Long Term Care Awareness Week (Nov. 4 - 10).

Genworth Financial -- one of the nation's leading providers of individual long term care insurance* -- is among several long term care insurers actively participating in this industry-wide awareness campaign. During its annual LTC symposium held last month, Genworth Financial released the results of a new poll examining how voters feel about long term care issues as they relate to the upcoming presidential election.

According to the new bi-partisan national survey conducted by Public Opinion Strategies (POS) and The Mellman Group, nearly seven in 10 Americans have not made any plans for their own, a spouse's or another relative's long term care needs. Yet, more than half those surveyed have had a loved one who needed some form of long term care. The poll also found that close to 80 percent of the respondents want to see long term care included in the healthcare proposals offered by the presidential candidates. More than 80 percent of those surveyed also said that positions on long term care funding will be an important factor in deciding who to vote for in the 2008 election.

Genworth Financial also has published a new book on the future of long term care in America, written by leading experts, which discusses America's current long term care system and the challenges it will face as 78 million Baby Boomers age.

"This new book will hopefully encourage more people to think seriously about how their families would manage through a long term care situation," said Buck Stinson, president of Genworth Financial's long term care insurance division.

A single year of long term care in a facility can cost more than some household's income, according the Genworth's 2007 Cost of Care Survey. This study found that a single year in a private nursing home room in 2007 costs on average $74,806 nationally. Meanwhile, the median household income in the United States is $46,272.

Home care, which is where the vast majority of long term care is provided, costs more than most people may realize. The survey also found that the average hourly rate for a certified and licensed home health aide is $25.47 per hour, a cost that adds up to $52,977 per year for a 40-hour work week. A separate Genworth survey released in April found that 44 percent of Americans incorrectly believe that Medicare or their private health insurance pay for long term care.

The book, The Future of Long Term Care in America: Views and Recommendations by Prominent Experts, is composed of 10 chapters, each written by a different author such as AARP CEO Bill Novelli, former Congressional Budget Office Director Douglas Holtz-Eakin, American Health Care Association President and CEO Bruce Yarwood and National Alliance for Caregivers President and CEO Gail Hunt. It covers a wide range of long term care issues and is intended to inform policymakers, academics, financial advisors and consumers about the challenges associated with today's long term care system in meeting the demands of the aging Baby Boom generation. It also explores policy options that policymakers might consider.

The book is available at It also may be ordered online for approximately $5 per copy on, and

"Today's model for long term care simply will not sustain the need for services in the future," said Stinson. "Currently, without private insurance, the only other choice for a family is to pay out of pocket, potentially spending every dollar saved for retirement until they are destitute and can qualify for state assistance. Our research tells us that people want more options and they want their government to be a partner in the process. Voters clearly want their next President to make long term care a national priority."

* LifePlans 2006 Long Term Care Individual and Group Association Top Writers Survey Results. Based on number of individual policies sold and individual annualized premium inforce. Long term care insurance is underwritten by Genworth Life Insurance Company and in New York, Genworth Life Insurance Company of New York.

About Genworth Financial

Genworth Financial, Inc. (NYSE: GNW) is a leading financial security company meeting the retirement, longevity and lifestyle protection, investment and mortgage insurance needs of more than 15 million customers. It has a presence in more than 25 countries. For more information, visit

SOURCE Genworth Financial, Inc.
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. TriWest Sponsors Congressional Medal of Honor Convention
2. Coalition for Pulmonary Fibrosis Launches Aggressive Ad Campaign Directed at United States Congress
3. AOA President Calls on Congress to Reauthorize SCHIP and Take Action to Ensure Health Care Coverage for All Americans
4. EDAP Launches Enhanced Communication Plans at SIU Paris Congress
5. World fertility experts to meet in Montreal - IVF and IVM patients to provide first-person accounts at 14th World Congress
6. Congress Poised to Add Millions of Uninsured Children to Successful, Bipartisan Health Plan
7. National Council on Disability Urges Congress to Support Americans with Disabilities Act Restoration
8. MUHC in the spotlight at the 14th World Congress on In Vitro Fertilization
9. Labopharm To Present Poster On Onset Of Analgesic Effect Of Once-Daily Tramadol At Congress Of The European Society Of Regional Anaesthesia And Pain Therapy
10. Health IT Now! Coalition Urges Congress to Pass Health Information Technology Bill This Year
11. Childrens Hospitals in Washington to Lobby Congress to Reauthorize SCHIP Now
Post Your Comments:
(Date:11/24/2015)... ... November 24, 2015 , ... ... their Black Friday sale a week early, offering 40% off select bras and ... intimate apparel industry through both mobile fit technology and the latest fashion, quickly ...
(Date:11/24/2015)... ... November 24, 2015 , ... DMG Productions announced that they will ... first quarter 2016 via Discovery Channel. Dates and show times TBA. , Aphria, Inc., ... in the business of producing and supplying medical marijuana pursuant to the Marijuana for ...
(Date:11/24/2015)... City, UT (PRWEB) , ... November 24, 2015 , ... ... Forbes Magazine. For a business, it is critical that the first impression be positive ... business, they are not likely to buy anything or want to return. They will ...
(Date:11/24/2015)... Richey, FL (PRWEB) , ... November 24, 2015 , ... ... deems a growing epidemic as deaths from prescription opioids in the United States grew ... and cocaine. In 2013 alone, opioids were involved in 37 percent of all fatal ...
(Date:11/24/2015)... ALEXANDRIA, VA (PRWEB) , ... November 24, 2015 ... ... encourages people across the United States to support their local poison centers through ... been designated as #GivingTuesday: calls it “a day that inspires people to ...
Breaking Medicine News(10 mins):
(Date:11/24/2015)... -- The uptake of recently approved and pipeline premium products ... market growth to 2021, says GBI Research . ... for Type 1 Diabetes Mellitus (T1DM), will be a key driver of ... --> The uptake of recently approved and pipeline premium ... of market growth to 2021, says GBI Research ...
(Date:11/24/2015)... 24, 2015   Renowned ... deliver s advice and insights on ... More than 50% of Dubai ... according to the DHA   femMED launches comprehensive solutions for ... Dubai residents are not consuming enough to keep ...
(Date:11/24/2015)...  Freudenberg Medical has developed specialty tubing for an inexpensive, ... facilities. Africa and ... Nevertheless, prompt diagnosis is important to treat those affected and ... the help of a portable mini-lab or "lab on a ... affected areas and perform rapid testing for HIV. They do ...
Breaking Medicine Technology: