Medicaid cuts could hurt older adults most - 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
July 3, 2017 Newswires
Share
Share
Post
Email

Medicaid cuts could hurt older adults most

Missoulian (MT)

Now that the House and Senate have introduced bills repealing and replacing the Affordable Care Act, it is clear that both versions include deep cuts to the federal-state Medicaid program. These cuts will jeopardize critical care for older adults and directly affect their caregivers. Should the Senate adopt these changes to Medicaid, this could have devastating consequences for older adults and families in every state.

Most people think of Medicaid as our nation’s safety net health care program, and that it only serves low-income children and mothers, and increasingly low-income working adults. In reality, the majority of Medicaid spending provides services and support programs to help people with disabilities and older adults simply live their lives.

For older adults and their caregivers, Medicaid is the country’s only guaranteed provider of the critical long-term care services that most of us will need as we age. Nearly two-thirds of the long-term care provided in nursing homes is paid for by Medicaid. With nursing home costs averaging nearly $90,000 per year, without Medicaid, millions of older adults and families would be financially overwhelmed.

Medicaid is important to helping our country address the challenges of a rapidly aging nation. The population of older adults is growing at an historic pace, and over 90 percent of older adults say they would rather age at home and communities, where care is often less expensive and more effective. While less expensive than nursing home care, in-home services are often cost prohibitive for families as well.

For more than 30 years, states have increasingly moved toward providing “waiver” services that allow Medicaid-eligible older adults to get the care they need in their homes instead of in institutions. These services, which are often a fraction of the cost of nursing home care, can include, but are not limited to, in-home help with bathing, meal preparation and other daily life activities. Several Medicaid programs have also successfully moved tens of thousands of people from institutional settings back into their homes, offering consumers more independence while saving taxpayer dollars.

Unfortunately, the House and Senate bills would slash long-term Medicaid funding by $834 billion over 10 years by capping the federal government’s share and pushing these costs on to states. States will have to make terrible choices that will hurt those who depend on Medicaid for their health and safety. Older adults could lose the amount of in-home care they receive or be required to pay for services despite being poor enough to qualify for Medicaid. Families seeking care for a loved one will encounter long wait lists for services, and cuts to provider rates will harm the long-term care workforce.

It makes no sense to undermine the only long-term care option available to most Americans just as our country undergoes a transformational demographic shift to an aging nation. If we really want to save federal health care dollars, we should expand the most cost-effective care options instead of eliminating them. Not only do these Medicaid-funded programs preserve the dignity and independence of older adults, they also save tax payers tens of billions of dollars each year in nursing home costs.

Older adults deserve better. We encourage Sens. Steve Daines and Jon Tester to not only reject the House and Senate bills’ cuts to Medicaid, but to start over and engage in a bipartisan, collaborative process to address the real health care challenges that we face. You can help, too. Get in touch with our senators, and tell them to reject any Medicaid cuts that will be devastating to older adults and families in Montana.

Older

LTC Declares Its Monthly Common Stock Cash Dividend for the Third Quarter of 2017

Newer

Tester to GOP senators: Kill the health care bill, then let’s talk

Advisor News

  • The overlooked retirement security risk that must be addressed
  • What advisors should know about hedge funds in retirement planning
  • Retirement control is top success measure for middle class, ACLI says
  • Industry groups applaud House passage of Financial Exploitation Prevention Act
  • Younger workers more likely to be eligible for a retirement plan after changing jobs
More Advisor News

Annuity News

  • Malibu Life Holdings Completes Acquisition of TruSpire, Establishing Malibu USA and Accelerating Entry into the U.S. Retail Annuity Market
  • Why job boards are failing insurance agencies
  • MassMutual Ranks No. 100 on the 2026 Fortune 500® List
  • What’s fueling record annuity growth?
  • Jackson Named InvestmentNews 2026 Annuities Provider of the Year
More Annuity News

Health/Employee Benefits News

  • Help navigating options available
  • Medicare Assistance Program can help people navigate options
  • Millions of people drop ACA coverage amid jump in prices Millions drop ACA coverage amid price jump. Did fraud inflate signups? (copy)
  • Former city DPW director wants opportunity to 'defend my actions' in light of separation agreement
  • CDPHP, MVP Health Care among insurers seeking rate increases
More Health/Employee Benefits News

Life Insurance News

  • NAIFA praises House committee approval of Clarity for Compensation Act
  • PHL Variable liquidation pushed out to 2027, Connecticut regulators say
  • ‘Recession-Proof’ Insurance Is Trending. Safety Net or Scam?
  • Winged Keel Group Expands National Presence and PPLI Leadership, Welcomes SBSI, Inc. (dba NFP Insurance Solutions)
  • MassMutual Ranks No. 100 on the 2026 Fortune 500® List
More Life Insurance News

NEWS INSIDE

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

FEATURED OFFERS

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

A MYGA for Clients Hesitant to Commit to One Long-Term Rate
First-year certainty. Annual rate updates. Get the CurrentRate® MYGA Sales Kit.

Elite Networking & Insights Await at the Event of the Year
The industry's premier conference for leaders driving what’s next in financial services.

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • 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
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