Long-term care: A problem the Affordable Care Act didn’t fix
he Patient Protection and Affordable Care Act failed to solve one health care riddle: how to pay for long-term care for the rising tide of the nation’s aging population.
The nation’s hospitals will lose $142 million from Medicare cuts for the next fiscal year, a figure that represents about 0.1 percent of the hospital and acute-care budget for the Centers for Medicare and Medicaid Services. The new reimbursement rate does not yet include hospital-related provisions of health care reform. CMS officials said they will [...]
Continue reading …The cost of long-term health has been steadily increasing by at least three percent for the last decade, and it’s expected to increase to about five percent during the next decade. “Right now there are an estimated 10 million Americans that receive long-term health care. That number is going to grow exponentially,” said Jesse Slome, [...]
Continue reading …The State of Colorado has launched a program called Own Your Future that seeks to help Coloradoans with long-term care. The program is a partnership between the U.S. Department of Health and Human Services, Colorado’s Medicaid program, the Divsion of Insurance, and long-term care providers. With a Partnership policy, Medicaid applicants can protect one dollar [...]
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