LTC Bullet: National LTC Commission Disbanded
Monday, April 1, 2013
LTC Comment: In a surprise announcement early this morning, Tungan Sheek, a spokesperson for the newly appointed National Commission on Long Term Care, told reporters that all 15 members of the Commission had resigned.
“The new Commission members were ‘outraged,’” explained Sheek, “because no one was appointed to represent private long-term care financing interests despite an explicit requirement to that effect in the authorizing legislation.”
With the long-term care financing crisis mounting, state and federal budgets under water, the demographic Age Wave cresting and the Great Recession continuing to repress economic activity and government revenues, several former Commission members lamented the shortsightedness of relying on public financing of LTC while discounting the enormous potential of home equity conversion and private LTC insurance.
“I hope a new round of appointments to the LTC Commission will remedy this problem,” said one disgruntled former member who preferred to remain anonymous, “but I worry that all the focus is on expanding Medicaid, which is why we have a long-term care financing problem in the first place.”
How or if Congress and the President will respond to this development remains unknown.
LTC Comment: Happy April Fools Day! The foregoing announcement is totally fictitious, but the following one isn’t. Today, the Center for Long-Term Care Reform celebrates our 15th anniversary. Steve Moses and David Rosenfeld founded the Center on April 1, 1998. For a detailed history of the Center for LTC Reform, check out the dozens of LTC Bullets we’ve published over the years reporting on the Center’s progress at “CLTCR News.”
“It’s been a great run,” said Steve this morning. “We’ve impacted federal law for the better many times over the years—MCCA '88, OBRA '93, HIPAA '96, BBA '97 and DRA '05—to mention a few. But I’ve never been more optimistic about the prospects for beneficial LTC financing reform than I am right now. With your support, we’ll soon achieve our goal to improve safety-net financing of LTC by enhancing private LTC financing sources.”
Carpe diem -- even if it is April Fools Day.