“Disrupt LTC now,” by Stephen A. Moses, McKnights LTC News
“Here’s the kicker. Americans hold trillions of dollars in retirement savings ($40T), home equity ($35T), and life insurance ($22T), $97 trillion in total for these resources alone. The government encourages the accumulation of this wealth by means of tax-favored IRAs and 401(k)s to build retirement savings, subsidized mortgages (FHA, VA, USDA) to grow home equity and tax-deferred growth of cash value in life insurance with tax-free death benefits. The same government that rewards wealth accumulation in these ways also discourages its expenditure for LTC by means of the policies listed above that we propose to eliminate. These contradictory policies of subsidizing the accumulation of wealth while discouraging its use to purchase top-quality, private LTC services are at the root of everything that is wrong with LTC.”
LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:
For common sense analysis and recommendations to fix what ails LTC, read the Paragon Health Institute’s “Long-Term Care: The Problem” and “Long-Term Care: The Solution” and watch this “virtual LTC event” featuring age wave visionary Ken Dychtwald and leading LTC researchers. To find ample private funds for LTC, check out Medicaid’s $100+ Billion Leak.