The group released a report Monday with a package of reforms aimed at improving the affordability of long-term care for the more than 12 million Americans, both elderly and young, who need personal assistance on a regular basis.
“It doesn’t matter whether your politics are right, left or center, paying for long-term care for our loved ones is a difficult challenge that nearly all Americanfamilies are facing or will face in the coming years. This shared challenge, a desire to find real solutions and a willingness to engage in constructivedialogue is the common ground on which Collaborative members stand,” Jennie Chin, immediate past CEO of the American Geriatrics Society, said in a press release.
The report includes the following proposals:
- Clear private and public roles in financing long-term care
- Create a universal, catastrophic insurance program for long-term care
- All for patients to have more choice in services and settings under Medicaid Long-Term Services and Supports
- Encourage private payers to launch initiatives to lower costs and increase enrollment in long-term care
- Improve educational resources for long-term care costs and needs to boost retirement savings
Read the full report here.
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