The nation needs a universal catastrophic insurance program, clear private and public roles for long-term care financing while policymakers redefine Medicaid long term services and supports, encourage private long-term care insurance initiatives, increase retirement savings and improve public education on long-term care, according to a new report from the Convergence Center for Policy Resolution.
The center’s Long Term Care Financing Collaborative began meeting in 2012 to develop recommendations for a public and private insurance-based financing system. “Long-term care financing and delivery are critically important to the well-being of older Americans, young people living with disabilities, and those families’ members who help care for them,” said Howard Gleckman, a member of the collaborative. “Yet few public policy issues are more complex and controversial. The Long-Term Care Financing Collaborative has tackled these challenges head on and is helping guide the nation towards workable, consensus solutions.”
The Bipartisan Policy Council recently issued its own recommendations to address the need for affordable long-term services and supports.
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