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Insights on Paying for Boomers' Care Needs in 20-40 Years Helped by New Report
Date:3/27/2008

Nation's First Comprehensive Analysis of Major Studies and Models on Long-Term Care Financing Provides Framework for Policymakers and Others

ANNAPOLIS, Md., March 27 /PRNewswire-USNewswire/ -- The first comprehensive review and analysis of research on long-term care financing for America's elderly is now available, the National Investment Center for the Seniors Housing & Care Industry (NIC) announced today. This major undertaking, conducted by RTI International for NIC, involved compiling and analyzing all major studies and projection modeling to date on the issue.

The result -- "The NIC Compendium Project: A Guide to Long-Term Care Projection and Simulation Models" -- is a body of knowledge that will help policymakers and others determine the best combination of public- and private- sector funding that will be needed to pay for the nation's growing care needs, especially when Baby Boomers reach their 70s and 80s.

"In a short 20 years from now, our nation's economy will face an enormous challenge," said Robert G. Kramer, president of NIC. "That is, how are we going to pay for the massive numbers of Baby Boomers who will move through the long-term care system?"

"The real impact of long-term care needs won't be felt until 2030-2050," continued Kramer. "How much will this care cost? How will the nation pay for it? And how can policymakers, seniors housing and care industry leaders, researchers and other decision-makers agree on the best plan to meet those needs? This Compendium will focus attention on the need for long-term care research and help stimulate a policy debate at the national level."

The lead author and head of the research team for the project was Joshua M. Wiener, Ph.D., senior fellow and program director for Aging, Disability and Long-Term Care at RTI International. His past work includes leading the development of the first long-term care financing micro-simulation model, a predecessor to The Lewin Group's Lon
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SOURCE National Investment Center for the Seniors Housing & CareIndustry
Copyright©2008 PR Newswire.
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