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A Bipartisan Plan For Modest, But Important, Long-Term Care Financing Reform

Forbes

Thursday, July 13, 2017

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The Bipartisan Policy Center, a Washington (DC) based group that develops consensus policy solutions, has proposed a series of reforms aimed at helping families finance long-term care for themselves and their loved ones. The proposal aims to encourage more people to buy private long-term care insurance, including through Medicare,  and would provide a new Medicare respite benefit for family caregivers.

BPC’s latest proposals come about 18 months after the group suggested a package of initial financing ideas, including better access to workplace-based long-term care insurance and general support for the concept of public catastrophic insurance. This week’s proposals were relatively modest.  And the group failed to agree on the details of a catastrophic program. Still, while the new report falls well short of fixing the nation’s long-term care financing problem, it does address some key issues. 

KEYWORDS: MEDICARE, HEALTH CARE