“Covid’s Effect On Long-Term-Care Insurance,” by Ben Mattlin, Financial Advisor

 

Quote:
A long-awaited national report has found that the way the United States finances, delivers and regulates nursing home care is ineffective and unstable. Immediate action is needed to bring meaningful changes to the system to better meet the needs of residents and staff, the vast team of researchers added. … The committee also honed [sic] in on the underinvestment of the nursing home sector that has suffered from ‘for decades’ and noted that implementing these recommendations will likely require ‘a significant investment of financial resources at the federal and state levels,’ as well as by providers.”

 

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

Here we have another in a long line of national reports whining about how awful long-term care is in the USA, opining about all the great things we need to do to fix it, but with no clue about how to pay for them. Just throw more federal and state, i.e. taxpayers’, money at long-term care. Ironically, all that government funding and regulation is what caused the problems in the first place. For a better analysis and plan, read Medicaid and Long-Term Care.