Part nine of America’s Healthcare Challenge focuses on the complex issue of long-term care. The guest this week was Hal Daub, former Mayor of Omaha and Member of Congress. He is an attorney by trade, and served on the Social Security advisory board. His knowledge of federal entitlement programs was on full display, and he explained some of the problems long-term care creates for a government adding record amounts of deficits and therefore debt to the balance sheet.
One thing many do not realize is the amount of the Medicaid budget taken up by long-term care costs. This would be places like nursing homes and assisted living facilities. They are often expensive, and funding is available based on need. As the baby boomers continue to age there will be a challenge for federal and state policy makers on what to do to control the costs of this problem. Medicaid is the number one cost for many state governments and it is expanded under the Affordable Care Act.
Many of these states also have balanced budget amendments. With the growing cost of health care squeezing state budgets due to Medicaid, there will be serious challenges up ahead for states of all sizes. We discuss all of these issues, answer what will happen with the Medicaid, and take several calls. For the latest premium content on a complex topic impacting us all, check out America’s Healthcare Challenge for the latest on health reform in our country.
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