Alice Rivlin

A Bipartisan Plan To Pay For Long-Term Care

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 [...]

Steps on the Path to Public/Private Long-Term Care Financing

Yesterday, the CEO of the nation’s largest long-term care insurance company, Genworth, acknowledged the US needs a new model of LTC insurance that includes some government role.  Tom  McInerney estimated that between half and two-thirds of Americans simply cannot afford to buy insurance in the traditional private market.  A 50-something can expect to pay an average of $2,500-$3,000-a-year for a typical [...]

By |2015-06-24T15:36:34-04:00June 24th, 2015|long-term care insurance|2 Comments