He may not be David Letterman, but Eric Schubert with Ecumen’s Changing Aging Blog can sure put together a top 10 list…and today’s topic is an important one: why our country must change the way we finance long-term care. Take a look:
1. The Age Wave is Unprecendented: About 10 million Americans need long-term care today. (Note: Long-term care is an array of services, from home care to assisted living, not simply nursing home care.) By 2020, 12 million older Americans will need long-term care.
2. Americans Want More Choice: People want more choices than ever in how they live and receive care. The nursing home isn’t a place they want to choose. Guess what? Many states rely on institutional nursing homes for long-term care. To pay for choices that today’s consumer desires, we have to have new ways to pay for care.
Norman DeLisle, MDRC
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