“Getting Old Is a Crisis More and More Americans Can’t Afford”

“Getting Old Is a Crisis More and More Americans Can’t Afford,” by Michelle Cottle, New York Times

Quote:

“To avoid forcing middle-class seniors to impoverish themselves, Medicaid eligibility requirements need to be loosened. Dramatically. But that would place even greater financial pressure on the already strained program and the government budgets that fund it. … In 2012, a broad cross-section of policy experts, consumer advocates and industry representatives formed the Long-Term Care Financing Collaborative to explore more sustainable funding models. The central recommendation of the group’s final report, issued in 2016, was the creation of a universal public insurance program.”

 

 

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

There you have the problem in a nutshell. Medicaid protects middle class seniors against LTC risk. It does not force them into impoverishment. That’s why so many people become dependent on Medicaid. Loosening Medicaid eligibility even more or adding a new compulsory payroll funded program will only make the problems government created even worse.