Destroying the Nation’s First Lengthy-Time period Well being Care Profit Would Suck
by Stranger Election Management Board
Although our current gerontocracy suggests in any other case, we’re at the moment wading via the biggest wave of individuals hitting the retirement age in American historical past. This “silver tsunami” wildly will increase the demand for long-term well being care, which is a pleasant approach of describing the sort of care that includes paying somebody to come back wipe asses, pull up pants, and usually assist our sick and dying relations age with dignity whereas the remainder of us toil away at our jobs.
Seventy % of us will want this care after age 65, however lower than 5 % of us purchase it on the non-public market as a result of the premiums are sky-high and rising increased, the protection is skimpy and getting skimpier, and other people with critical pre-existing circumstances are, for essentially the most half, ineligible. Individuals assume Medicare will cowl this sort of care, however it doesn’t actually. Medicaid kinda does, however to entry that care it is advisable to spend down your life financial savings and actually impoverish your self, which isn’t precisely superb. Furthermore, if a bunch of our elders impoverished themselves simply to qualify for Medicaid, they’d principally bankrupt the state.
