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- Title
SOLVING AMERICA'S LONG-TERM CARE FINANCING CRISIS: FINANCING UNIVERSAL LONG-TERM CARE INSURANCE WITH A MANDATORY FEDERAL INCOME TAX SURCHARGE THAT INCREASES WITH AGE.
- Authors
Anderson, Zachary
- Abstract
As America's elderly population rapidly grows, the number of elders that will require Long-Term Care ("LTC") will correspondingly increase. Many elders lack the financial resources to pay for such care, and existing government programs that currently pay for LTC are underfinanced. Wlrile solutions have been proposed, no proposed solution has solved the core issue: how will millions of elders pay for LTC? It is imperative that a viable LTC financing reform solution be introduced and implemented. This Note analyzes a few of the many proposed solutions, establishes a framework that a viable solution should satisfy, and finally proposes a financing solution that could solve the LTC financing crisis.
- Subjects
UNITED States; LONG-term care of older people; LONG-term care insurance -- Law &; legislation; MEDICAL care laws
- Publication
Elder Law Journal, 2018, Vol 25, Issue 2, p473
- ISSN
1070-1478
- Publication type
Article