Bipartisan group calls for universal long-term care insurance plans

Without a publicly supported long-term care insurance program, the number of older persons and families made destitute by the cost of care will grow by millions over the next 30 years.

The long-term care costs for our aging population are growing so fast and can be so financially overwhelming for families that the United States needs a universal catastrophic insurance program similar to Medicare, a bipartisan policy group announced Monday.

The Long Term Care Financing Collaborative, which includes former state Medicaiddirectors, and members from the Brookings Institution, and the trade group America’s Health Insurance Plans, is the third recent policy group to cite universal long-term care insurance as a possible solution — and the one that goes the farthest in recommending it.

– USA Today

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