AAHSA's financing plan has proponents, Minnix says

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The American Association of Homes and Services for the Aging's long-term care financing plan has gained traction with lawmakers on both sides of the aisle, as well as consumer groups, said Larry Minnix, president and CEO of the association.

“It's not a red state plan or a blue state plan,” said Minnix during a press conference at AAHSA's annual meeting and exposition this week in Philadelphia. The conference runs through Wednesday.

The plan calls for a national insurance trust which would provide a daily cash benefit for people needing assistance. Minnix noted that AAHSA's plan differs significantly from the plan proposed by the American Health Care Association. The AHCA plan would ask people to purchase a long-term care policy or place funds into long-term care savings vehicles.

“It does some good things, but it doesn't solve the problem,” Minnix said.