Caring for the elderly: Family matters
Article Abstract:
The elderly population In the US is expected to rise to about 21 million by 2050, and among those turning 65 in 2006, about 70 percent will need some form of long-term care (LTC), but since no one can confidently predict the need for LTC, most economists believe that insurance should pay for it. But unlike fire risk, LTC risk is largely uninsured, and the burden is borne in large part by individual families providing care for elderly relatives, which is a very unequally distributed private responsibility.
Publication Name: CQ Researcher
Subject: News, opinion and commentary
ISSN: 1056-2036
Year: 2006
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Caring for the elderly: Higher and higher
Article Abstract:
An estimate is presented that by 2040 the share of the population aged 65 years and above will rise to 20.5 percent, and the long-term-care (LTC) spending is expected to reach $484 billion annually, or about 2 percent of the nation's gross domestic product. In the short term, it is more important to recognize the existing unmet need, and the best step for the future is to provide good LTC service for the present.
Publication Name: CQ Researcher
Subject: News, opinion and commentary
ISSN: 1056-2036
Year: 2006
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Caring for the elderly: Who pays?
Article Abstract:
Home-based care is the backbone of long-term care (LTC) in the United States, and family and friends provide about eighty percent of that care for free. As a total, Americans spent $182 billion for LTC in 2003, of which, Medicaid paid 47.4 percent, individuals paid 20.6 percent, Medicare paid for 17.8 percent, and private insurance paid for 8.7 percent.
Publication Name: CQ Researcher
Subject: News, opinion and commentary
ISSN: 1056-2036
Year: 2006
User Contributions:
Comment about this article or add new information about this topic:
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