Especially as the cost of health care for the elderly escalates. Not good.
I dont believe it. Govt can run something better that what you can get in the private sector.
yeah right.
Terrific. We’re older parents of young children. Adding another 2-4K per year to our 12K policy is going to be just swell. Kids - I guess you don’t need college.
The article says it’s government run, but voluntary. It also sounds worthless, in terms of getting very little in benefits, and it doesn’t really cover long term care, just give you a few $ that doesn’t even come close to covering long term care.
FTA
“It may help that the act was designed to cover everyone except those who specifically opt out. Participation rates are higher for such programs than for those you have to opt into. Inertia helps, in this case.”
....governments idea of long term care is rental space at ACME STORAGE PODS.
http://republicans.waysandmeans.house.gov/UploadedFiles/WM_hcr_timelinel.pdf
This is a time line enumerating various cuts, etc.
Long term care and nursing home cuts are listed, note 2011. In 2012, Medicare cuts to dialysis and hospice. 2013 Medicare cuts to hospitals treating low income seniors...I don’t get this. 2014, 2015 more Medicare cuts to home health.
As of a few years ago, Medicaid payed about $75-80 per day to nursing homes for allegedly ‘indigent’ occupants. At least 80-90% of occupants receiving this payment.
I bought a Long Term Care insurance policy some years back. I wonder if the insurance company will be around to pay out if I need it someday.
REPEAL!!
You might be surprised to find out how many 50-60 year olds with GOP bumper stickers on their new, up-market sedans would make appointments with me to discuss "how we can get Mom qualified for Medicaid".
Just another reason that I tend toward an Eeyore point of view.
Regarding the health care bill, I downloaded the signed bill last night. It's enormously complex to try to wade through any part of it and try to figure out what it really means, and then have to factor the reconciliation into it to weigh the modifications.
If this much is true, the govt should not have involuntary access to your bank account without a court order. I try to keep automatic deductions to an absolute minimum because the money has to be there on time.
When I purchased my catastrophic insurance, the only payment they would accept was an automatic deduction from my account, same with the above long-term care policy. I authorized it; it was my choice. But I've never authorized any more because you have to have a regular positive cash flow to be sure the funds will be there on the auto payment date which was monthly in my case. Maybe it was those specific policy writers/ins companies as I can pay my car insurance by cash, check or a voluntary payment out of whatever account I choose.
I don't know for sure, but I think this may be common practice for people who do not participate in an employee group plan. So people in my situation, when choosing whatever govt-approved poicy they are allowed, will probably have to agree to the auto deduction. But it's something you authorize yourself TO THE INSURANCE COMPANY.
So I don't see any good reason for the govt to have access to your acct for a withdrawal or other purpose. If they demand proof that you've purchased their approved plan, there are other ways you can prove it yourself by getting a hard copy of the applicable deduction from your financial institution with applicable fee therefor or from your insurance company.
I don't think a lot of people will be able to afford it on top of everything else, but the Medicare cuts may not provide those in-home services or for assisted care, do not pass go, go straight to the nursing home. Will people affected even be able to choose which one?
Yep isn’;t it great we all get hit with a whole new tax? Wonder how many people are out there just barely hanging on and then get hit with this new tax?
OMG they are bringing back poor farms.
I have begun to inform my employees of such. They stand to lose another $200-$400 per month in income to the feds on top of the increase in the Medicare tax of .09%. Now I can tell them they will have long term care, but I would lie if I told them that. They are paying for someone else’s longterm care because I can guarantee you full time care is over $5000 per month and what you pay into the system will never get back to you like that. Besides, the new health care law CUTS and CUTS and CUTS and CUTS till it GUTS long term care facilities and hospitals. GUTS care of your granny until you have to take care of her in your home and watch her die there.