“The population of the UK is ageing, and people’s life expectancies are longer than ever. By 2040, nearly one in four people in the UK will be aged over 65, according to a recent Age UK report. But the country has little money set aside for elderly care, at either the state or individual level. Many people assume the National Health Service (NHS) can be relied on to provide care for elderly relatives. But while the NHS can step in under circumstances of urgent need, most families have to fund care costs themselves or rely on cash-strapped councils whose budgets
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“The new Mullin draft could hurt life insurers’ annuity operations by making annuities less attractive as Medicaid “asset shielding” vehicles. But it could increase the typical size of the annuities couples use in Medicaid planning arrangements.  The draft could also make private long-term care insurance policies, and life and annuity products that include long-term care benefits, more attractive, by reducing the likelihood that consumers would be able to use ordinary annuities in efforts to qualify for Medicaid nursing home benefits.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Well, it’s about time!  Medicaid annuity abuse allows
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“Current Medicaid formulas give states a perverse incentive to cut spending on benefits for children and poor adults with disabilities before they cut spending on benefits for higher-income, able-bodied adults.  Josh Archambault, a Medicaid policy specialist at the Naples, Florida-based Foundation for Government Accountability, makes that argument in written testimony he prepared for a Medicaid hearing.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): This is the same analyst and organization we’re working with on the Center’s forthcoming new report on Medicaid and long-term care financing.  ACA Medicaid funding rules stink, witness says #goldencareagent
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