“New report details way to finance LTSS,” by Lois A. Bowers, McKnight’s Senior Living
“A universal, catastrophic insurance program sufficiently could finance the needs of those who need long-term services and supports, and a ‘managed cash’ benefit design might best pay for service delivery, LeadingAge concluded in a report issued Wednesday. The report is titled ‘A New Vision for Long-Term Services and Supports.’”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
The key word missing in this summary and in the report itself is “compulsory.” LeadingAge (formerly the American Association of Homes and Services for the Aging) is the trade association for nonprofit nursing homes. This report updates that organization’s earlier call for a government-enforced system to compel people to fund a new entitlement for long-term care. We refuted the arguments for such an approach and offered a better solution in How to Fix Long-Term Care Financing (2017).