Los Angeles; September 19, 2013 – The director of the American Association for Long Term Care Insurance commented on the report published by the Commission on Long-Term Care.
To read the Commission on Long Term Care Commission report click this link or go to http://www.aaltci.org/wpdownloads/commissionltc.pdf .
The Commission was established under Section 643 of American Taxpayer Relief Act of 2012 (P.L. 112-240), signed into law January 2, 2013. Fifteen members each were appointed by the President of the United States, the majority leader of the Senate, the minority leader of the Senate, the Speaker of the House of Representatives, and the minority leader of the House of Representatives.
According to the 92 page report released today, the statute directed the Commission to: “…develop a plan for the establishment, implementation, and financing of a comprehensive, coordinated, and high-quality system that ensures the availability of long-term services and supports for individuals in need of such services and supports, including elderly individuals, individuals with substantial cognitive or functional limitations, other individuals who require assistance to perform activities of daily living, and individuals desiring to plan for future long-term care needs.”
“The report provides a very detailed and comprehensive overview of the long-term care servicing and financing issues facing Americans,” says Jesse Slome, executive director of the American Association for Long-Term Care Insurance. “With little time and in today’s politically charged environment, it was unlikely the Commission would achieve anything more.”
Slome noted that those anticipating significant changes or a recommendation for a new taxpayer-supported social insurance program to address long-term care may be disappointed. “The bipartisan support for approval of the report is evidence that there is clearly no groundswell for another attempt at a government option along the lines of the CLASS Act,” Slome added. Five Republicans and four Democrats voted in favor of the final report that failed to recommend a new national insurance program for long-term care services.
“The Commission recommended creation of an Advisory Committee,” Slome shared. “We look to be part of the ongoing dialogue about furthering a public / private solution.,” Slome notes. “There is no universal solution. Both public entities and private insurers have a role to play and that is positive news for the long term care insurance industry.”
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