Obama's Health Plan Needs More Help for LTC
As the Obama administration tackles health care reform, many feel that long-term care issues are being left behind. How will new legislation help your facility?
A few Senators have proposed provisions for long-term care:
-Sens. Maria Cantwell, D-Wash., a member of the Senate Finance Committee, and Herb Kohl, D-Wis., chairman of the Senate Special Committee on Aging, co-sponsors of the Home and Community Balanced Incentives Act.
-Sen. Edward M. Kennedy, D-Mass., has proposed a public-funding option for long-term care in his health care reform bill, the Affordable Health Choices Act.
The Kohl-Cantwell bill seeks a temporary increase in federal contributions to Medicaid programs as an incentive for states to restructure their programs to provide the elderly with services at their homes. The Kennedy bill creates an LTC taxpayer-funded program that pays out a minimum of $50 a day in LTC benefits to participants after a five-year vesting period.
Source: http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20090621/REG/306219973/1024/COMPLIANCE