Navigation Links
Insurance Leader Praises Senator Kennedy for Promoting Long-Term Care Aid for All Americans as Part of Health Reform
Date:6/9/2009

While Diverging from Kennedy On Some Points, Denise Gott Agrees that Everyone Needs Protection for Longer-Lasting Illnesses and Disabilities, Not Just Acute Ones

KIRKLAND, Wash., June 9 /PRNewswire/ -- The traditionally conservative insurance industry can come to terms with a Democratic Congress on health reform, according to one insurance leader, Denise Gott, who today heaped praise on Senator Edward Kennedy (D-MA) for his crusading efforts. "He sees more clearly than anyone the need to reform not only acute health care, but long-term care, which affects the quality of life and pocketbooks of virtually every American family," she says. Gott is Chairman of the Board of LTC Financial Partners LLC (LTCFP) -- http://www.ltcfp.com -- one of the nation's largest and most experienced long-term care insurance agencies.

*(PHOTO 72dpi: www.Send2Press.com/mediaboom/09-0519-DeniseGott_72dpi.jpg)

*(Photo Caption: LTC Financial Board Chairman Denise Gott.)

The Senate Health, Education, Labor and Pensions Committee, which Kennedy chairs, is now working on a comprehensive health bill, the "The American Health Choices Act," that is expected to include key provisions covering long-term care. "I agree with the major thrust, that we need a program embracing the long-term care needs of all Americans," Gott says, "but have concerns on two points." They are --

1. The "public option" which would create a government-run program insuring people in competition with private carriers.

GOTT'S CONCERNS: "Instead of competing with insurance companies, unfairly I believe, I'd rather have the government offer new tax incentives to make long-term care policies more affordable." She points to recently-introduced bills, H.R. 2096 and S. 702, that would allow LTC insurance to be included in employer-sponsored cafeteria plans and flexible spending accounts, enabling people to pay their LTC premiums using pre-tax dollars. "These bills, with bipartisan sponsorship, show the way to go," she says.

"However, if Kennedy and Congress are determined to offer a public option for long term care, competing with the private plans, there's a way it could work. Instead of automatically enrolling everyone in the public LTC option, the government would have people make one of the following choices: the public option, or a private plan (which they could choose from any state-certified carrier), or the public option plus a supplemental private plan." The benefit amount of the public option is expected to be $50 to $100 a day depending on the degree of disability. "This isn't enough to cover all one's care needs. A minimal private plan pays $200 a day."

2. New "insurance exchanges" where people would shop for a policy from multiple carriers.

GOTT'S CONCERNS: "This might be a good idea but could turn bad if the government itself designs and runs it. As an analogy, imagine -- before the days of YouTube -- Washington creating a video-sharing service. How good would it be with bureaucratic coders and no competition to assure constant improvement?" Gott might approve, however, of a plan that offers guidelines and incentives for entrepreneurs to create insurance-selection exchanges.

"There are many complexities that government employees aren't likely to take into account," she says. "Selecting the right long-term care policy is much more important and complex than buying a car. And who would buy their car just by going to a website? Also, a government exchange would probably send people directly to insurance carriers, as the online prescription-drug system did. This would be like sending people to auto manufacturers for their cars, when auto agencies, with their hand-holding and value-added services, are the right destination." In Gott's view, a proper exchange for long-term care insurance would send people to independent agents who know which carriers are soundest, and can advise on the right policy features at the lowest cost.

"With the online system for choosing a prescription-drug plan, people went crazy with all the complexity," Gott says. "They'd really tear their hair out with a long-term care choice system. An informed, unbiased advisor is absolutely essential."

When rectified with another plan being crafted by the Senate Finance Committee, Kennedy's plan could gain momentum. But will it find enough bipartisan support to pass? "With the right adjustments, I think so," says Gott. "With the tweaks I suggest, I believe it would be much more acceptable to Republicans and conservative Democrats."

On the central point she agrees 100% with Senator Kennedy: "We desperately need reform, for long-term care as well as acute health care. About 46 million Americans lack regular health insurance, but many times that number lack long-term care insurance. Only about 9 million have it out of a population of more than 300 million; and among those at greatest risk, 45 and older, more than 90% go uncovered."

Gott encourages concerned citizens to make their views known to their representatives in Congress. Legislators' phone numbers and fill-in forms may be found at -- http://www.usa.gov/Contact/Elected.shtml. "Women in particular should speak up," Gott says. "They're at risk even when they themselves stay well and fit. Typically they're the ones forced into unpaid care giving when a family member suddenly develops a care need."

This release was issued on behalf of the above organization by Send2Press(R), a unit of Neotrope(R). http://www.Send2Press.com


'/>"/>
SOURCE LTC Financial Partners LLC
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Senators Who Signed Letter Opposing Public Health Plan Took $17.7 Million in Campaign Donations from Health Care and Insurance Industries
2. Watchdog Group Blasts McConnell for Putting Insurance Donors Before Health Care Reform
3. Data Overload May Complicate Insurance Choices
4. Sean Hurley Joins Ameritox as Vice President for Insurance and Managed Care Contracting
5. The FDA has approved ankle replacements, so why dont all insurance plans cover them?
6. Consumer Watchdog Praises Insurance Commissioner Poizner for Health Insurance Rescission Rules, Pans Schwarzenegger Administration for Failure to Regulate HMOs
7. Medical, Insurance, Automotive and Safety Groups Call on Congress to Make This the "Last Deadly Summer for Teens" by Swiftly Passing Federal Teen Driving Safety Bill
8. Helmet Law Repeal Will Increase Health Care, Auto Insurance Costs
9. Lifeclinic International, Exhibiting its LC500 Health Station With OptumHealth at the America's Health Insurance Plans (AHIP) Institute 2009 Conference
10. Seabrook House, Inc. Successful in Recession Due to the Acceptance of Most Insurances; Expands With New Hires Due to the Growth of the Company
11. S.C. BlueCross Makes Coverage Available for Thousands of South Carolina Graduates Lacking Health Insurance
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/25/2016)... Canada (PRWEB) , ... June 25, 2016 , ... Conventional ... pursuit of success. In terms of the latter, setting the bar too high can ... risk more than just slow progress toward their goal. , Research from ...
(Date:6/24/2016)... ... June 24, 2016 , ... Marcy was in a crisis. Her son James, eight, was out ... family verbally and physically. , “When something upset him, he couldn’t control his emotions,” remembers ... would throw rocks at my other children and say he was going to kill them. ...
(Date:6/24/2016)... Diego, CA (PRWEB) , ... June 24, 2016 , ... ... with the American Cancer Society and the Road To Recovery® program to drive cancer ... to seniors and other adults to ensure the highest quality of life and ongoing ...
(Date:6/24/2016)... NY (PRWEB) , ... June 24, 2016 , ... ... Haute Living, is proud to recognize Dr. Barry M. Weintraub as a prominent ... “the most beautiful women in the world, and the most handsome men, look ...
(Date:6/24/2016)... ... ... Venture Construction Group (VCG) sponsors Luke’s Wings 5th ... Woodmont Country Club at 1201 Rockville Pike, Rockville, Maryland, 20852. The event raised ... have been wounded in battle and their families. Venture Construction Group is a 2016 ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... Research and Markets has announced the addition of ... report to their offering. ... kidney failure, it replaces the function of kidneys by removing ... thus the treatment helps to keep the patient body,s electrolytes ... Increasing number of ESRD patients & substantial healthcare expenditure ...
(Date:6/23/2016)... ITASCA, Ill. , June 23, 2016  In a startling ... states are failing their residents by lacking a comprehensive, proven plan ... , a definitive ranking of how states are tackling the ... rating to only four states – Kentucky , ... and Vermont . Of the 28 failing states, ...
(Date:6/23/2016)... ANGELES , June 23, 2016 ... CAPR ), a biotechnology company focused ... therapeutics, today announced that patient enrollment in its ... in Duchenne) has exceeded 50% of its 24-patient ... enrollment in the third quarter of 2016, and ...
Breaking Medicine Technology: