Navigation Links
Obama Health Plan Not Likely to Embrace Long Term Care, Industry Leader Says

Consumers Advised to Secure Long Term Care Insurance While They're Still Healthy Enough to Qualify

KIRKLAND, Wash., Dec. 10 /PRNewswire/ -- If you've put off getting long term care insurance, should you put it off a bit longer, anticipating the new administration's health plan? "I wouldn't advise it," says Denise Gott, Chairman of the Board of LTC Financial Partners LLC (LTCFP), one of the nation's most experienced long term care insurance agencies. "Long term care has never been a part of any candidate's overall health care reform proposal, and likely never will be."

*(PHOTO 72dpi:

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

Why not? "The country is split over the degree to which the government should be involved in our health care system, and this is reflected in Congress," Gott says. "Fiscally conservative Democrats, allied with Republicans, will question a big-ticket package for basic health care, let alone expanding to include long term care."

The cost of health care reform will be huge, and would be much larger with long term care included. "If the Obama administration's health proposal moves forward in its current form," Gott says, "it will easily cost $100 billion per year to fund. If you added in the cost of long term care services, the total outlay would easily double." That's extremely unlikely to happen, she points out. In addition to the natural resistance of conservatives in Congress, there's an additional challenge. "If you give doctors, hospitals, drug companies, insurers and all the others what they want to get them onboard, you will create an enormously expensive bill and subsequent opposition. That's why the California health bill failed earlier this year when the total costs became clear."

Help with long term care expenses isn't likely to expand beyond the limited amount currently offered to destitute individuals through Medicaid, administered by the states. Medicare does not cover long term care expenses, though many Americans mistakenly assume it does. "The future of long term care lies in private insurance and the specialists who can provide assistance in navigating the maze of insurers, plans, and premiums," says Gott.

There's a big risk in waiting to secure long term care insurance in the faint hope Washington might eventually pick up the tab. "If your health deteriorates," Gott says, "you'll have to pay a higher rate or might not qualify at all."

Gott's organization offers help from over 550 independent long term care agents. They're available by phone or in person to advise individuals and companies on the most suitable policies from leading insurance companies.

A listing of LTCFP's agents, by state, is available at

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

SOURCE LTC Financial Partners LLC
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. eHealth Initiative Applaudes President-Elect Obamas Recognition of the Importance of Information Technology to Improve U.S. Health Care System
2. AOA-Led Group Urges Obama to Increase Health Care Access, Affordability by Combating Provider Discrimination
3. Consumer Watchdog Urges President-elect Obama to Continue to Oppose Mandatory Purchase of Junk Health Insurance
4. Minnix Offers Obama Path for Transforming Aging Services
5. Consumer Watchdog to Obama: Open Medicare to All Americans
6. World AIDS Day December 1st: Obama Needs to Lead
7. YWCA Survey Reveals Womens Priorities for New Obama Administration
8. Three-Quarters of Americans and Industry Leaders Want Health Care Reform in President-elect Obamas First Term
9. BioTime CEO Dr. Michael West Announces the Launch of New Products and Discusses the State of the Stem Cell Industry under the Obama Administration at the Wisconsin Academy of Sciences, Arts, and Letters
10. NLPC Criticizes Obamas Choice of Eric Holder for Attorney General Because of Role in Health Care Task Force Cover-Up
11. AVMA Congratulates President-Elect Obama, Highlights Key Issues
Post Your Comments:
(Date:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... PurhealthRX ... CBD Oil utilizing Purzorb™ technology. Applying the Purzorb™process to full spectrum CBD oil will ... and providing a CBD form that can be easily incorporated into liquid products, while ...
(Date:10/13/2017)... ... October 13, 2017 , ... The Visiting Nurse Association (VNA) of Somerset Hills ... specialty vendors and unique items from across the nation, this holiday-themed event will raise ... offered by the VNA. The boutique will be open Saturday, November 4 (10:00 ...
(Date:10/13/2017)... ... October 13, 2017 , ... Coveros, ... Development, has been awarded a contract by the Center for Medicare and Medicaid ... to accelerate the enterprise use of Agile methodologies in a consistent and high ...
(Date:10/12/2017)... , ... October 12, 2017 , ... Planet Fitness, one ... U.S., announced today its plans to open a flagship location in Covington, LA at ... former Rooms To Go store next to Office Depot in the Holiday Square shopping ...
(Date:10/12/2017)... ... October 12, 2017 , ... ... system that we intend to develop to enable prevention of a major side ... severe hearing loss, especially in pediatric patients. For cisplatin, hearing loss is FDA ...
Breaking Medicine News(10 mins):
(Date:9/28/2017)... , Sept. 28, 2017 Cohen Veterans Bioscience ... the use of wearable and home sensors for real-time ... Early Signal Foundation, a nonprofit organization focused on disruptive ... provide an affordable analytical system to record and integrate ... ...
(Date:9/25/2017)... PROVIDENCE, R.I. , Sept. 25, 2017 /PRNewswire/ ... immunogenicity assessment, vaccine design, and immune-engineering today announced ... focused on the development of personalized therapeutic cancer ... and has provided exclusive access to enabling technologies ... MSc Eng., MBA will lead EpiVax Oncology as ...
(Date:9/19/2017)... Mich. , Sept. 19, 2017 HistoSonics, Inc., a venture-backed medical device company ... destruction of targeted tissues, announced three leadership team developments today:   ... PhD ... ... Veteran medical device executive Josh ...
Breaking Medicine Technology: