As America anticipates a long-term care crisis with an increasing elderly population, legislation aims to provide a federal catastrophic long-term care insurance program. The WISH Act seeks a public-private partnership to ensure seniors can age at home with dignity, amidst current challenges like insufficient nursing home beds and unaffordable care. By engaging various stakeholders, the act aims to offer solutions that support seniors without sacrificing their savings, allowing a sustainable model for long-term care while invigorating the private insurance market.
Every day, 10,000 Americans turn 65, and in five years, 6,500 Americans will reach 80 every single day. Our nursing homes and Medicaid system cannot deal with this.
The legislation would establish a federal catastrophic long-term care insurance program, designed to help disabled seniors age with dignity in their own homes.
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