LTC Bullet:  Demographics and Other Data:  Thousand Bullets Retrospective

Friday, June 20, 2014

Seattle—

LTC Comment:  Your Center for Long-Term Care Reform continues to celebrate its publication of over 1,000 LTC Bullets with this overview of 15 years of “Demographics and Other Data” Bullets.  Please enjoy this retrospective after these brief messages:

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*** CLTCR Premium Membership  --  Center for Long-Term Care Reform premium members receive our full suite of individual membership benefits including:  our LTC Bullets and E-Alerts; access to our Members-Only Zone website and Almanac of Long-Term Care; subscription to our Clipping Service; and email/phone access to Steve Moses for 24-hour turnaround queries.  Our Premium Membership is designed to give you a competitive advantage in your long-term care profession. Your increased knowledge of the critical issues and challenges we face in the field of long-term care service delivery and financing equals improved professional success for you and better LTC services for your clients and for those who have no choice but to rely on scarce public resources.  Premium Membership is $250 per year, paid up front or monthly by automatically recurring credit card payments.  Contact Damon at 206-283-7036 / damon@centerltc.com to start your Premium Membership immediately or go directly to our secure online subscription page and sign up for as little as $21 per month. ***

LTC BULLET: Demographics and Other Data:  THOUSAND BULLETS RETROSPECTIVE

LTC Comment:  Once a week, usually on Fridays, we publish our latest LTC Bullet.  The Bullets are often policy pieces, sort of like op-eds.  You can always find the latest Bullets here and archives of the rest of the 1,000+ Bullets (so far), by date here and by topic here.  These 1,000+ articles are a valuable historical resource.  Please make use of them.  Search for key terms using Control-F on your keyboard.

This series is a retrospective of the most interesting and dramatic LTC Bullets that we’ve published since the Center’s founding in 1998.  We’ll highlight one Bullet per year in each of seven major topics:  “The LTC Problem and Solutions”; “Reality Check:  The Facts on LTCI”; “Medicaid Planning”; “LTC Services”; “Politics and Legislation”; “Demographics and Other Data”; and “CLTCR News.” 

Today’s Bullet is our “Thousand Bullets Retrospective” Number 6 covering “Demographics and Other Data.”  These “Demographics and Other Data” Bullets cover the impact of the Baby Boom and the “age wave,” and also include commentary on resources and data on LTC cost, spending and utilization.  Read our summary and check out the original at the link provided.  Enjoy this walk down memory lane.

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July 27, 1998:  The Healthier You Are, the Longer You May Spend in a Nursing Home.  “It's not news that Americans are living longer and healthier lives. However, the impact of this fact on our ability to finance long-term care for the baby boom generation definitely is news.”

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January 25, 1999:  Scary Numbers.  “Center President Stephen Moses wrote the following article at the end of 1998. A few days later, the Clinton Administration put aging and long-term care on the public policy agenda in a big way. The Administration deserves credit for raising and confronting these critical issues sooner rather than later. ‘Scary Numbers’ explains why long-term care financing is so important. An abbreviated version of this article, adapted to the style of an op-ed piece, was published in the January 11, 1999 issue of National Underwriter's Life & Health Edition.”

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March 22, 2000:  Pigs, Pythons, and Politics:  How to Survive the Aging of the Baby Boomers.  “Keynote address [by Stephen Moses] presented to: The IBC Long-Term Care Insurance Conference, Chicago, Illinois.”

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March 14, 2001:  Surplus Won't Save Us.  “In testimony before the U.S. Senate Budget Committee last month, David Walker, Comptroller General of the United States, delivered a sobering message about our national budget surplus and the future of federal retirement security and health programs, including Medicaid.  His message: Don't be fooled by the surplus, however large and however much we save of it.  We're still on course for a fiscal train wreck absent serious entitlement reform.”

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June 21, 2002:  Wake Up, Little Susie.  “Center for Long-Term Care Financing President Stephen Moses wrote the following article.  It was published in the May 2002 issue of ‘Advisor Today,’ the monthly journal of the National Association of Insurance and Financial Advisors.  Read it here in the original or jump to the edited version, titled ‘The LTC Wake-Up Call,’ published on the magazine's website:  http://www.advisortoday.com/archives/article.cfm?articleID=120.” 

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April 3, 2003:  Long-Term Care Crisis Builds.  “We face a looming age wave, rampant nursing home and assisted living bankruptcies, and bursting government budgets, yet the public's asleep about long-term care risk and private LTC insurance struggles. Read a cogent explanation of this seeming paradox [in this LTC Bullet].”

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January 21, 2004:  So What If the Government Pays for Most LTC, 2002 Data Update.  “LTC Comment: Once a year around this time the Centers for Medicare and Medicaid Services (CMS) report health care expenditure data for the latest year of record. Recently, CMS posted 2002 statistics on their website at http://cms.hhs.gov/statistics/nhe/. The current issue of Health Affairs (Vol. 23, No. 1, January-February 2004, pps. 147-159) contains a summary and analysis of the new data titled ‘Health Spending Rebound Continues in 2002’ written by CMS staffer Katherine Levit and several other authors. Subscribers to Health Affairs can access the full text of the article online after registering at http://content.healthaffairs.org/cgi/content/full/23/1/147. We'll provide some highlights of this article after our analysis of the newest long-term care expenditure data, which follows. You can find the CMS source data at: http://cms.hhs.gov/statistics/nhe/.”

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October 13, 2005:  LTCi Update.  “LIMRA International's second quarter 2005 findings regarding the long-term care insurance market show continuing declines with notable exceptions.

“Is there really any wonder that LTC insurance sales languish when the availability of Medicaid nursing home benefits obviates two-thirds of the potential LTCi market?  See ‘Supply or Demand:  Why is the Market for Long-Term Care Insurance So Small?,’ by Jeffrey R. Brown and Amy Finkelstein, National Bureau of Economic Research, 2004, http://www.nber.org/~afinkels/papers/Brown_Finkelstein_Supply_or_Demand.pdf.”  

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October 31, 2006:  Halloween Scare and New Members-Only Feature.  “Happy Halloween!  Want to hear something really scary?  Social Security and Medicare unfunded liabilities have topped $86 trillion.  More in this LTC Bullet.”

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January 11, 2007:  So What If the Government Pays for Most LTC?, 2005 Data Update.  “Ever wonder why LTC insurance sales and market penetration are so discouraging?  Or why reverse mortgages are rarely used to pay for long-term care?  Or why LTC service providers are always struggling to survive financially and still provide quality care?”  Steve Moses explains in this LTC Bullet.

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November 5, 2008:  New LTC Numbers You Need to Know.  “New Medicaid ‘spousal impoverishment’ numbers and key Medicare premiums updated for 2009. Where to find them all and how they've increased since 1991 [in this LTC Bullet].”

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November 4, 2009:  LTC Costs Up, Up, and Away.  “Housing costs in general are down but LTC housing costs are way up. What gives?”  Find out in this LTC Bullet.

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April 27, 2010:  Private LTC Insurance Vindicated.  “The national media and ideologically driven analysts love to bash LTCI based on anecdotes but solid longitudinal data belie their criticism.  New evidence [in this LTC Bullet].”

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December 16, 2011:  New Medicaid and Medicare Numbers Announced for 2012.  “You need to know these new numbers for 2012.  We've also updated tables in The Zone that provide the numbers for every year since the early 1990s.  Details follow [in this LTC Bullet].”

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January 13, 2012:  So What If the Government Pays for Most LTC?, 2010 Data Update.  “Heads up!  We're about to explain why long-term care insurance sales have disappointed, why people don't ‘use their homes to stay at home’ and why LTC providers who depend on public financing are at risk.  Details in this LTC Bullet.”

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August 9, 2013:  LTCI Update.  “Broker World magazine has published its annual long-term care insurance survey for 2013.  Highlights [in this LTC Bullet].”

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