“The InLTCgentsia”

“The InLTCgentsia,” by Stephen A. Moses, Broker World

Quote:

“What I’ve just described would solve the middle market problem. We don’t need to worry about the wealthy; they can take care of themselves. But, what about the poor? Having removed the perverse incentives that discourage responsible long term care planning, many fewer people will end up needing long term care but unable to pay. There will be no more incentive to hire attorneys to manipulate government eligibility rules in order to self-impoverish artificially. The relatively small numbers of genuinely needy people who remain could be served by private charity and/or a vastly scaled down public assistance program funded by a fraction of the savings from ending the Medicaid LTC program.”

 

 

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

You’ll just have to click through to find out what I “just described.” Feedback is welcome.