Experts: Medicare should help pay for long-term care coverage
Of the 196 experts polled, nearly four out of five support adding the government benefit, which would be supported by a premium. A total of 64% would be in favor of a tax incentive to help individuals buy their own long-term care insurance. The report also finds that nearly 70% of healthcare experts and opinion makers believe the issue of long-term care financing and reform should be a top priority for the presidential candidates this election cycle.
Abuses in the long-term care insurance industry are also a matter of concern for these experts, according to the report. A total of 91% are in favor of stricter government regulations to quash unfair insurance practices. The report, which was released Monday, can be found at www.commonwealthfund.org.