In the midst of all the political rhetoric and debate during this
presidential season, one critical issue seems to have been left out
-America's broken system for long-term care financing.The current system, therefore, is simply unsustainable. So what is
the solution? The American Association of Homes and Services for the
Aging (AAHSA), of which St. Andrew's is a member, commissioned an
in-depth study to develop a workable plan for future financing of
long-term care. Their recommendation calls for a broad-based
national insurance trust into which all Americans would be enrolled.
Among its features are:
The insurance would be financed by premiums, not by general
tax revenues.
Individuals could pre-fund their long-term care needs.
Benefits should be available regardless of setting and
payable in cash.
presidential season, one critical issue seems to have been left out
-America's broken system for long-term care financing.The current system, therefore, is simply unsustainable. So what is
the solution? The American Association of Homes and Services for the
Aging (AAHSA), of which St. Andrew's is a member, commissioned an
in-depth study to develop a workable plan for future financing of
long-term care. Their recommendation calls for a broad-based
national insurance trust into which all Americans would be enrolled.
Among its features are:
- Low overhead costs.
tax revenues.
payable in cash.
