Marilou Johanek: A giant wave heads for Ohio - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
June 26, 2019 Newswires
Share
Share
Post
Email

Marilou Johanek: A giant wave heads for Ohio

Akron Beacon Journal (OH)

A giant age wave is coming to Ohio as certain as death and taxes. Think baby boomer tsunami. The state already has the sixth highest population of the 60-plus crowd in the nation, and we're growing older by the day.

Census projections in 2020 and 2030 dramatically illustrate how fast Ohio is aging and how soon residents age 60 and up will outnumber those younger in well over half the state. But with 10,000 Americans turning 65 each day, the seismic shift in demographics was inevitable. Like getting old.

Can't stop it. Problem is we are aging in massive numbers all at once and unprepared -- financially and otherwise -- to meet the avalanche of needs that come with a ballooning older adult population. For years, advocacy organizations helping seniors navigate the health and economic challenges of aging braced for this reality.

Now, a tidal wave of aging adults living longer on fixed incomes with increased chronic disease and oppressive health care costs, faces a fraying social safety net unable to meet rising demand. Federal funding for the Older Americans Act -- which supports a wide range of social services programs for individuals 60 and older -- expires Sept. 30.

The OAA has been reauthorized and amended numerous times since it was enacted in 1965. But annual funding, which has been relatively flat for a decade, has reached critical deficiency levels. Yet even as the Senate Special Committee on Aging debates increasing the OAA funding authorization, the Trump administration's proposed 2020 budget slashes not only funding for aging services but calls for significant cuts in Medicaid and Medicare spending over the next 10 years.

The seesaw between advance and fallback distresses local entities designated by the state to facilitate support services for older residents, their families and caregivers. Recently, leaders of three Area Agencies on Aging (AAA's) in Ohio -- that serve a wide swath of territory from Cleveland to Akron-Canton and the eastern Ohio counties of Ashtabula, Trumbull, Mahoning and Columbiana -- gave me their take on the coming tsunami compounded by stagnant or declining federal funding.

On the wave:

It may be really big, said E. Douglas Beach, head of the Western Reserve Area Agency on Aging that serves Cuyahoga, Geauga, Lake, Lorain and Medina counties. "But I look at baby boomers and think at every step in history they acted differently than anybody before. I don't think they're going to act like the Depression-era babies."

Boomers also have political clout, added Gary Cook, chief at the Akron-Canton Area Agency on Aging and Disabilities. "There's too much political power that's going to be brought to bear by that age wave so it can't be ignored and can't be shortsighted beyond a certain measure."

On the value of home and community-based services:

"We have to provide people the opportunity of choice," insisted Joe Rossi, CEO of the Area Agency on Aging in eastern Ohio. "It used to be 92 percent of Medicaid dollars went to institutional care and 8 percent was home/community-based care. About five years ago that flipped to 50-50. Now it's 65-35. We have been able to keep people out of institutional care and in their homes while saving on Medicaid. If we had stayed on that same trajectory from 30 years ago, the state of Ohio would be bankrupt."

On the return of tax dollar investment:

"We can't stop the growth rate of Medicaid," Cook conceded. "It's going to continue. But we can bend that growth curve to lower the rate of growth by investing in support services that allow people to stay healthy and independent in their homes and communities for as long as possible." The state can achieve actual measurable benefits in cost reduction by funding targeted programs that include home care, meals on wheels, case management, caregiver support, transportation, health promotion, chronic disease self-management and fall prevention.

The goal, Cook continued, is "keeping Ohio seniors from declining both functionally and financially into Medicaid and consuming huge amounts of money."

On Ohio innovations with aging:

The MyCare Ohio Plan [a managed care program that allows qualifying Ohioans to have a single-point contact for both Medicaid and Medicare] came out of the Kasich administration, explained Beach. "It's recognition that if you have Medicare and Medicaid in the home at the same time they'll be pulling together -- medical side for Medicare, personal care side for Medicaid -- both working on the same individual at the same time which, from our perspective, is a huge leap forward."

The Ohio Medicaid PASSPORT waiver, another significant milestone, allows eligible seniors who require a nursing facility level of care to remain at home and receive care. The option is not only preferable to many individuals and their families but less costly than being in a nursing home.

The three CEOs, whose agencies serve older Ohioans in 13 northeast counties, struggle daily to balance care and cost. Their shared mission is to help people age with dignity while staying engaged and secure. It is a tough task increasingly frustrated by low funding and high wait lists.

But they persist, searching for solutions in advance of a tsunami that has yet to peak. Because, ready or not, a giant age wave is about to hit Ohio.

Johanek is a veteran print and broadcast journalist.

___

(c)2019 the Akron Beacon Journal (Akron, Ohio)

Visit the Akron Beacon Journal (Akron, Ohio) at www.ohio.com

Distributed by Tribune Content Agency, LLC.

Older

Manchester school board, teachers union reject fact finder’s report

Newer

Local insurance company donates 250 bears to OPD, ECSO

Advisor News

  • Will rising retirement needs spark an annuity boom?
  • Living longer, retiring poorer: Why fragmented systems are failing Americans
  • Women say their advisors respect them, but talk down to them
  • How PEPs compare with traditional 401(k)s
  • Allianz studies why 42% of Americans retire sooner than expected
More Advisor News

Annuity News

  • Reframing retirement income for greater certainty
  • Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • NAIC regulators continue pushing for annuity illustration updates
  • Wink: Flat first-quarter annuity sales fall just short of $100B
More Annuity News

Health/Employee Benefits News

  • Karnes County weighs employee health insurance increase
  • Ban on prior authorization expected to trim red tape
  • Ryland makes local and state-wide impact
  • Fidelity Investments® to Expand Target Date Lineup With Launch of Guaranteed Income Solution
  • Health insurance for many Oregonians could get a lot more expensive next year
More Health/Employee Benefits News

Life Insurance News

  • Greg Lindberg moves to halt $1.65B restitution order, claims he ‘overpaid’
  • Fidelity Investments® to Expand Target Date Lineup With Launch of Guaranteed Income Solution
  • KBRA Releases Research – Private Credit: Much Ado About Nothing – Perspectives on Columbia Business School Paper About Private Ratings
  • VUL sales skyrocket in Q1, signaling major market shift
  • KBRA Releases Research – Private Credit: A More Balanced Review of the NAIC PLR Review Process for Insurance Balance Sheets
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Maximize Your FIA Case Results
Learn a repeatable process to review, reposition, and present FIA opportunities with confidence.

Aim higher during Annuity Awareness Month
Raise the bar with our diverse portfolio of Ascend annuities, backed by superior financial strength

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

True Independence Means Having Choices
Cambridge offers flexibility, stability, proven tools—no private equity strings attached.

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Looking for stronger rates, amplified growth & real results?
Sentinel's Accumulation Protector Plus℠ Annuity is for clients wanting more from retirement planning

Press Releases

  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet