Long-term care (LTC) in the United States is dysfunctional, marked by nursing home bias, inadequate home care, dubious care quality, insufficient funding, caregiver shortages, over-stressed family caregivers, and rising inequities. Medicaid, the dominant LTC payer, is at the root of these problems. By offering late-life public funding that is easily accessible, Medicaid created a moral hazard that discouraged earlier private LTC planning. How to eliminate the negative incentives in Medicaid policy that discourage private LTC planning and payment is the main challenge facing policymakers in this area. Security, dignity, and care quality for America’s aging population hang in the balance.
Paragon’s virtual event “Long-Term Care: The Problem and The Solution” will present differing perspectives on long-term care from America’s top experts.