About 10 million Americans need long-term care today, while 12 million will need it by 2020. Long-term includes an array of services and supports people need when they can no longer care for themselves. Medicaid pays for 42 percent of all long-term care expenditures. According to the Kaiser Commission on Medicaid and the Uninsured, this costs federal and state governments $116.8 billion every year. And according to a new AARP report, most states allocate a greater percentage of their Medicaid dollars to institutional care rather than home and community-based services. Combined with Americans deplorable savings history, many Americans are at risk of not producing enough income to cover basic expenditures related to aging services.
And therein is tremendous opportunity for McCain and Obama. According to the Long-Term Care National Survey conducted by the bi-partisan polling team of The Mellman Group and Public Opinion Strategies, 8 in 10 voters state that presidential candidates should make long term care an integral part of their health care proposals.
Readers are invited to share additional reasons for long term care financing reform, and to discover more thoughts and opinions on this subject, at Ecumen's Changing Aging blog.
About Ecumen:
Ecumen (www.ecumen.org) is based in Shoreview, Minn., and is one of the largest non-profit senior housing, services and development co
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