Friday, September 11, 2009
Does Obamacare Ignore the Biggest Risk You Face?
As the health care reform debate drags on, one area is not getting a lot of attention: Long term care. And several of those who are very close to this issue are concerned. For example, former Majority Leader Tom Daschle, D-S.D., participated in a forum in Washington on the future of health care for seniors. Here’s what he had to say: “… so little attention is being paid to long term care. The repercussions of this explosion are huge.” The forum was sponsored by the Volunteers of America … the third-largest non-profit provider of nursing care in the U.S. and the seventh-largest non-profit operator of nursing homes. Charles Gould, the organization’s national president, said this: “This is the greatest problem they have, that Medicare doesn’t provide long-term care.” Gould added that today, 10 million people are in need of long term care. That number is expected to climb to 15 million in less than 10 years, and 60% of them will be seniors. So don’t cancel those long-term insurance policies just yet. Obamacare might leave you with some expensive gaps. George