Tag: nursing home costs
Social insurance can’t work with participation on a voluntary basis. Providing long-term care is one of the biggest challenges facing an aging society. According to our calculations, about one-quarter of retirees are likely to experience the type of severe long-term care needs that most people dread (high-intensity care for more than three years) and over…
An aging population will put pressure on Medicaid. Although immediate Medicaid cuts are off the table with the failed effort to repeal and replace Obamacare, the basic economics underlying the Medicaid program have not changed. Medicaid currently pays for more than half of long-term care expenses (see Figure 1). This outcome reflects the fact that…
