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	<title>New answer on: Should Long Term Care Insurance Be Mandated?</title>

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		<title>By: Larry Gilmore</title>

		<link>https://insurancelibrary.com/long-term-care-insurance/should-long-term-care-insurance-be-mandated</link>

		<dc:creator>Larry Gilmore</dc:creator>

		<pubDate>Sun, 14 Dec 2014 23:51:17 +0000</pubDate>

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		<description><![CDATA[Should long term care be mandated? Originally with the ACA (obamacare) it was. It was quickly removed as it was discovered that long term care payouts are incredibly expensive and a $50 a month charge to everyone would not cover the expenses to be paid out. 

It is hard to demand a mandate if one cannot collect enough revenues to pay the benefits the mandate would create.  There is a need for LTC for more and more people, private and public insurance struggle to meet the costs expected with the coverage. Private insurance rates are rising at a quick rate. I just don&#039;t believe it is mathematically possible to mandate and actually provide the service to everyone.]]></description>

		

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		<title>By: William Bridgers</title>

		<link>https://insurancelibrary.com/long-term-care-insurance/should-long-term-care-insurance-be-mandated</link>

		<dc:creator>William Bridgers</dc:creator>

		<pubDate>Tue, 23 Jul 2013 16:43:44 +0000</pubDate>

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		<description><![CDATA[Whether long-term care insurance should be &quot;mandated&quot; requires an associated question:&#160; &quot;Mandated by whom?&quot;&#160; Also, any question that includes the word &quot;should&quot; involves a question of values and may fall into a political category of some kind.The question, however, is a good one.&#160; We have a looming crisis that has only just begun.&#160; Millions of people will soon be at the age of possibly needing extended care before they pass away.&#160; The current &quot;baby boom&quot; demographic has hit retirement age and is about 20-30 years from cresting at an age that many may need care before dying.&#160; Unless there are many medical advances, care accommodations, and/or technological improvements for elder care, hundreds of thousands of people in their 70s, 80s, and 90s and beyond will need assistance in successfully performing the activities of day-to-day life, such as feeding oneself, getting from one place to another, dressing, bathing, etc.Who is going to provide that care?&#160; First, it will be family (spouse and/or adult children, if available), but beyond that, there is only Medicaid (Medical in CA) to&#160;provide care services.&#160; The problem is that one must become &quot;indigent&quot; to qualify for government aid, and one must be admitted to an approved facility to receive care.&#160; (Medicare currently only provides hospital, recovery, and skilled nursing care for a maximum period of 100 days.&#160;&#160;A hospital stay for a minimum of three days is required to qualify in most cases.)If the questioner is asking should the government be mandated to provide long-term care, then this is entirely a political question.&#160; The government, ultimately, is the tax-payer.&#160; Congress is the body of our government that legislates laws.If the questioner is asking should everyone be mandated to purchase their own long-term care coverage, the answer is probably &quot;no&quot;.&#160; Even though that might seem like a solution, the cost of privately-owned long-term care is currently far beyond the reach of many Americans.&#160; Some could not even afford the premiums of a base policy which wouldn&#039;t come close to paying what long-term care&#160;might end up costing.A commission formed by Congress is currently meeting to debate and hear testimony on the question of how we, as a society, will handle those that have no family or other support group, do not own long-term care insurance, and are &quot;taking too long to die&quot;.&#160; This makes the question a moral one, and one that deserves an answer so that people may die with dignity.]]></description>

		

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