Wednesday March 10, 1999
"How to Cope with Long-Term Care" is the cover story in Consumers' Research magazine's February 1999 issue. Pull quotes from the article, which was written by Center for Long-Term Care Financing President Stephen Moses, give a good sense of its content:
"Why is such a huge proportion of America's World War II generation dying on welfare in nursing homes?"
"...just as heavy demand was building for a privately financed senior services market in the 1960s, Medicaid co-opted the trend by providing easy access to subsidized nursing home care."
"...the almost universal availability of publicly financed nursing home benefits enables widespread public denial of long-term care risk. People only insure against real risks, and they naturally hesitate to pay full price for something that is easily available by government subsidy."
"Instead of rewarding people for ignoring the risk, avoiding premiums, and taking advantage of the public dole as the current system does, the LTC Choice approach rewards responsibility and exacts a gradual and predictable penalty for irresponsibility."
Consumers' Research Inc. is an independent, non-profit organization, established in 1928 for the purpose of providing the public with scientific, technical and educational information. Consumers' Research magazine presents articles on a wide range of topics of consumer interest.
For a free copy of the February 1999 issue of Consumers' Research, including the cover story "How to Cope with Long-Term Care," e-mail your request to Editor Peter Spencer at email@example.com or write him at Consumers' Research Inc., 800 Maryland Ave., NE, Washington, D.C., 20002.
To purchase a copy of the Center for Long-Term Care Financing's
report "LTC Choice: A Simple, Cost-Free Solution to the Long-Term
Care Financing Puzzle" ($24.95; free to media), call Nadia
Morgen at 206-447-1340 or simply click
here to contact us.