I am deeply concerned that the American public, especially our nation’s elders, will be relying on our government to present lengthy term care solutions they’ll never see. They will only see the “smoke and mirrors” of Well being Care Reform.
Our nation’s seniors are the most vulnerable segment of the U.S. population vulnerable both well being wise and financially. They’re silently discovering the savings they believed would be adequate is not sufficient. They are silently fearful of operating out of cash with no a single to care for them as they become a lot more frail. The silence is about to come to be deafening.
Regrettably, when Wellness Care Reform proudly announced New Extended Term Care Services, it discouraged numerous American’s from getting Extended Term Care Insurance.
The New York Times reported on ‘Options Expand for Very affordable Lengthy-Term Care’ THE NEW OLD AGE. The Related Press announced ‘New Health Care Law Has Added benefits for Seniors’. Point being, the casual reader was relieved to hear their government will “take care of them” when they want lengthy term care solutions. We now know that is not about to take place.
Thankfully our representatives in Washington found that Health Care Reforms answer to the dilemma of Long Term Care, “CLASS”, (Community Living Assistance Solutions and Supports Act) legislation would have been fiscally unsound. $70 billion in premiums that was expected to be raised for the new “extended term care” system would have been counted as “deficit reduction”. The lengthy term care advantages it was intended to finance were assumed not to materialize in the initially ten years. Nevertheless, that money was not accounted for anyplace in the legislation.
The new legislation proposed to “trim” $463 billion from Medicare. Yet Medicare is at the moment getting difficulty balancing its books right now. Yet, why does the well being care bill inform us Medicare can operate more cheaply going forward without having the accompanying reforms?
Our national media gave huge fanfare to the CLASS ACT when it passed. Sadly the media has provided the CLASS ACT’s demise small consideration. Now what?
Projections show that the federal deficit is anticipated to exceed $700 billion annually more than the next decade. This essentially will double the national and $900 billion represents interest on preceding debt. Would https://www.themdpreferrednetwork.com/financial-planning-for-physicians/ of any significant corporation in the United States permit the organization he worked for to end up in this variety of financial position? Completely not.
Our officials in Congress have been elected to protect the finest interests of the American men and women. “Robbing Peter to pay Paul”, and as soon as again printing extra currency, has come to be our government’s mantra for the future. However the magnitude of the mismanagement of America’s purse strings has now reached an unconscionable state.
The United States of America can’t continue to mismanage its financial future. Future Congresses will have to provide a multitude of future reforms and, regrettably, history tells us THAT will under no circumstances occur. Proposals for financing wellness reform were based on a lot more “smoke and mirrors”. The “Cadillac” tax is scheduled to begin in 2018.
The overall health care legislation that has been forced on each and every and each one of us is recognized to be fiscally unsound. Exactly where do we go from here? It is also quick to point the finger at the President and his administration. But Congress owns the duty of passing Wellness Care Legislation. And THAT is the challenge.
The 535 voting members of Congress shared the duty equally. If one particular clear considering, intelligent, honorable Congressman had the whole responsibility for Well being Care Reform, he or she would not have forced a fiscally unsound Overall health Care Reform Bill down our throats.
Now let’s again evaluate how Well being Care Reform will perform against our senior citizens.
A most current government report identified that in 2000 there were 1.8 million out there nursing household beds. As the year 2010 came to a close, there had been 1.7 million nursing property beds a net five percent reduction in readily available beds. And, there are no new nursing properties getting constructed.
Currently there’s much less than 1.5 million Americans confined to nursing residences. Reportedly 10 percent of these nursing homes are operating below bankruptcy protection. It is well recognized that most of these facilities are understaffed and lots of never have competent assistance.
Next, let’s contemplate that the Alzheimer’s Association tells us the likelihood of establishing Alzheimer’s following age 85 is 50 %. By 2030, they tell us that the number of folks age 65 and older with Alzheimer’s disease is estimated to reach 7.7 million, a 50 % improve from the five.two million age 65 and older at present affected.
The logical query I have to ask is “if we cannot take adequate care of 1.five million people today, how can we possibly take care of 7.7 million persons in 2030?” We can’t. Much more basically place, when you or your spouse or your parent has Alzheimer’s, there is no spot for them to go. Not to be cruel, but if you ever think for a moment about taking in an aged parent with Alzheimer’s into your dwelling, please assume once again. Ask any caregiver who’s been through it. It really is Guaranteed to destroy any families’ peace of mind and harmony.
Why are not our political leaders actively working on solutions? Where’s the outcry? Regrettably our political leaders only align themselves with solvable problems.
America’s seniors became a lot more hopeful reading that Well being Reform will aid them with added Long Term Care services. And we now know THAT is not going to happen. There are no plans in place to enable our nation’s seniors think they’ll acquire the comfort and dignity of adequate lengthy term care services. What is worse is the silence shared by all our political leaders. The silence is now deafening.