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Long-Term Care Costs Escalate...Can We Fix The Problem?

Posted by Linda

Sep 29, 2009 7:45:43 PM

We're going to make this a short post, but that doesn't mean it's any less important. Matter of fact, among many of the issues regarding escalating costs in health care and long-term care costs in particular, this may in fact be one of the biggest:

He contended this is a “huge” system issue, which will only be resolved with additional LTC beds or enhanced home-care services in order to enable keeping senors living in their home longer.

This statement, from an article in a local Sault Ste. Marie, Ontario, newspaper, the Sault Star illustrates an issue that may not only cripple the Canadian health care system, but could (is) having a huge impact on the the US system as well. That is, more seniors are spending time in hospitals, assisted-living facilities and nursing facilities, than at home. If seniors could stay at home, and receive home-health care services, there would be a far less financial burden on just about everyone, from the hospitals to the families.

Do you think we should try and keep the elderly at home?

Topics: Long Term Care Insurance, Assisted Living