Comment: Protect a benefit many will need as they age
By
The choices we make with our votes on candidates and issues this November have enormous consequences for our future here in
Initiative backers misleadingly drafted the measure to sound like a reasonable change; make the program voluntary. But as anyone with a basic understanding of how insurance works knows, that change would bankrupt the program, draining funding to pay out benefits to those who need them most.
Why is this issue so important to our future? A confluence of factors is creating a dual crisis for families and our economy. Our population as a whole is aging, and our workforce is shrinking. Despite more of us living longer and needing care, there is a shortage of people to provide that care. More people aren't having children, or live away from friends and family who could help. One in 4 people — most commonly, women — are forced to scale back or quit their jobs in order to care for a loved one, exacerbating the labor shortage.
Few realize that neither health insurance nor Medicare cover long term care needs; help with daily living activities like dressing, bathing, getting around, managing meals and medication. Given that most of us have less than
Workers in
Mothers sandwiched between caring for children and aging parents and in-laws will be hit hardest by
A recent national opinion survey by the
Jackie Boschok is vice president of the


Oregon regulators trim proposed health insurance rates
Florida's insurance crisis: Legislative failures and a path forward
Advisor News
- The 6X Formula for leveraging content marketing with AI
- When a home becomes difficult to insure, the plan changes
- The inheritance gap: Helping clients plan for money that hasn’t arrived
- After the midterms: Addressing your clients’ tax concerns
- Berkeley arts tax heads toward passage while public bank measure looks likely to fail
More Advisor NewsAnnuity News
- Athene CEO criticizes offshore reinsurance, risk-taking by competitors
- DOL, trade groups, state AGs file briefs supporting Alcoa in PRT lawsuit
- John Hancock launches new fixed indexed annuity suite
- Annuities to play a larger role in workplace retirement plans
- FHLBank Pittsburgh Announces Results in 2026 Board Election
More Annuity NewsHealth/Employee Benefits News
- Oscar Health Inc. (NYSE: OSCR) Draws the Stock Spotlight on Nov. 12
- Duet Raises $15M to Scale Nurse Practitioner-Owned Clinics, Filling Critical Primary Care Gap
- Sidecar Health Named a Finalist in the 2026 Fierce Innovation Awards
- Open enrollment set to begin Nov. 1
- OPINION: Imperial County’s dental care gap goes beyond insurance coverage
More Health/Employee Benefits NewsLife Insurance News
- Three lawsuits put life insurers’ cost-of-insurance practices under scrutiny
- Military Briefs: November 12-18
- Security Benefit Series B Preferred Stock Dividend Rate Resets to 10.286%
- FHLBank Pittsburgh Announces Results in 2026 Board Election
- New Jackson Study Finds the "Sandwich Generation" Squeeze Comes from More Than Two Sides and It’s Quietly Draining Retirement Savings
More Life Insurance News