“Growing public support for a Medicare long-term care benefit is an important trend that could someday help convince Congress to pass such a proposal.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Another visit to this writer’s broken-record fantasy world. All but the poor will lose Medicare before the insolvent entitlement program expands to cover long-term care. Americans Are Baffled By Long-Term Care Financing, But Want Medicare To Pay For It #goldencareagent #medicare
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“Longer life spans and disappointing investment returns will help create a $400 trillion retirement-savings shortfall in about three decades, a figure more than five times the size of the global economy, according to a World Economic Forum report. That includes a $224 trillion gap among six large pension-savings systems: the United States, the United Kingdom, Japan, Netherlands, Canada and Australia, according to the report issued Friday. China and India account for the rest.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Need some help imagining how much $400 trillion is? Check this out and multiply by
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“Only 25% of adults queried by investigators at the Associated Press-NORC Center for Public Affairs Research correctly estimated costs, which the center said average $3,000 to $4,000 per month, whereas 44% underestimated them and 30% overestimated them. Underestimating has grown since the first surveys were conducted in 2013 and 2014, when it was 31%, according to center representatives.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Ignorance is bliss, until . . . Survey: 75% of 40+ adults do not know how much assisted living costs #goldencareagent #assistedliving
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“Of those who died with Alzheimer’s disease in 2014, the most recent year studied: 54.1% died in a nursing home or other long-term care facility, compared with 67.5% in 1999 24.9% died at home, compared with 13.9% in 1999 6.6% died in a hospital, compared with 14.7% in 1999 6.1% died in a hospice These realities, wrote the authors of an article in the CDC’s Morbidity and Mortality Weekly Report, have implications for the government and the healthcare system, because some states and counties operate publicly funded long-term care facilities and because payments for more than two-thirds of the anticipated
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“Assisted living hospice care, Medicaid personal care services, home- and community-based services waiver programs and Medicaid data are four topics that made the top 25 list included in the Health and Human Services Office of Inspector General’s ‘2017 Compendium of Unimplemented Recommendations.’” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): What’s the use of my former employer, the HHS-IG, conducting these studies and making these recommendations if the agency ignores them? Hopefully, that’ll change with new leadership. Assisted living hospice care, HCBS, Medicaid make OIG list #goldencareagent
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“Elder concierge, as the industry is known, is a way for the semi- and fully retired to continue to work, and, from a business standpoint, the opportunities look as if they will keep growing. Around 10,000 people turn 65 every day in the United States, and by 2030, there will be 72 million people over 65 nationwide. Some 43 million people already provide care to family members — either their own parents or children — according to AARP, and half of them are “sandwich generation” women, ages 40 to 60. All told, they contribute an estimated $470 billion a year
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“Since 1990, the divorce rate among adults 50 years and older has doubled. This trend, along with longer life expectancy, has resulted in many adults forming new partnerships later in life. A new phenomenon called ‘Living Apart Together’ (LAT) — an intimate relationship without a shared residence — is gaining popularity as an alternative form of commitment among both older and younger adults.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): “Friends with benefits” for the older set, but not likely to be much help with long-term caregiving. More older people in America are embracing a
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