Academy Issue Brief Identifies Seven Critical Areas That Long-Term Care Financing Reform Needs to Address
As Americans' long-term care (LTC) needs increasingly outpace their capacity to finance them, and policymakers explore ways in which to make coverage for care more affordable, the
"The number of Americans who will require long-term care is expected to substantially grow," said
Essential Criteria for Long-Term Care Financing Reform Proposals identifies seven areas that should be considered in any discussion of reform:
* Coverage, with respect to how many individuals are covered by the reform.
* Comprehensiveness of benefits.
* Quality of care.
* Program design that provides consumers with comprehensible choices based on needs, benefits, and costs.
* Affordability.
* Risk management, including pre-rollout and ongoing evaluations of risks to LTC programs, and cost controls that align the interests of all stakeholders.
* The financial soundness and sustainability of programs.
The Academy's continuing work on LTC issues includes testimony that will be presented before the House Oversight & Government Reform's Subcommittee on Government Operations on
Read the issue brief and learn more by visiting the "Public Policy" section at actuary.org.
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