“Why the Cost of Long-Term Care Is Out of Reach for the Middle Class,” by Liz Seegert, Next Avenue Quote: “Most people in the $25,000 to $95,000 income bracket are considered middle-income; they usually cannot afford to pay privately for long-term care. Instead, they must rely on a network of family, friends, community-based services and luck. A majority don’t have long-term care insurance, which could offset some of the cost of non-medical care.” LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: This article perfectly encapsulates the “fallacy of impoverishment” that stands in the way of understanding and
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“The Next Medicaid Blowout,” by Brian Blase, Wall Street Journal Quote: “‘Medicaid now covers 1 in 4 Americans, but Congress may soon lock even more into an expensive program with inadequate access to doctors and poor health outcomes,’ Brian Blase writes today in a Wall Street Journal op-ed, ‘The Next Medicaid Blowout.’” LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: For those who do not have a Wall Street Journal subscription, the link above will take you to a summary on the Galen Institute’s website of Brian’s op-ed in today’s WSJ. I am proud to have co-authored
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“Annexus to Offer Social Security Uncertainty Protection,” by Allison Bell, ThinkAdvisor Quote: “Annexus — a large annuity distributor — plans to offer consumers a new tool they can use to protect themselves against Social Security retirement income disruption. The Scottsdale, Arizona-based company has agreed to work with PlanGap to add a Social Security income disruption rider to non-variable annuities. The rider can pay an annuity holder a bonus if Social Security program changes slash benefits.” LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: What’s next? Private insurance to protect you from the collapse of Medicaid LTC? The
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“Letter to Gov. Inslee Objecting to the WA Cares Fund,” from businesses and organizations representing industry, local governments and labor unions across the state       Quote: “Changes to the [WA Cares Fund] establishing legislation over the last two legislative sessions have created a program that is unclear, insolvent, and does not address the actual long-term care needs of all Washington state residents. The below listed businesses and organizations representing industry, local governments, and labor unions across the state support the goal of giving Washington residents options to provide for long-term care. However, the current status of the LTSST
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