Four former top government officials—two Democrats and two Republicans—have proposed a new plan aimed at improving the nation’s system for financing long-term care. Their package of ideas is detailed but relatively modest. However, by agreeing to a consensus plan, the officials have taken a major step in raising the profile of the critical issue of long-term care financing.
The group recommends changes in two key areas: making private long-term care insurance more attractive to middle-income buyers and improving Medicaid benefits for long-term supports and services for lower-income individuals. The former officials also say they’ll consider more ambitious ideas in a second stage of their initiative.