Medicaid and the Long-Term Care Crisis — Who Should Pay?

Policy Forum
September 7, 2005 12:00PM
Auditorium/Wintergarden
Featuring Stephen A. Moses, President, Center for Long-Term Care Reform, Inc. (www.centerltc.org); Vincent J. Russo, Certified Elder Law Attorney, Past President, National Academy of Elder Law Attorneys (www.russoelderlaw.com); with comments by Michael F. Cannon, Director of Health Policy Studies, Cato Institute; and moderated by Marilyn Werber Serafini, Health Care Correspondent, National Journal.
Medicaid, the joint federal-state health care program created in 1965 for the poor, is imposing a growing burden on taxpayers. It has grown larger than Medicare, the federal health care program for the elderly, and already accounts for a larger share of state expenditures than elementary and secondary education. Part of that growth is due to many middle-income seniors using Medicaid to pay for nursing home expenses and other long-term care. Those seniors own assets that could cover such expenses for a period of time, either directly or by purchasing long-term care insurance. Should their assets be used to help Congress cut projected Medicaid expenditures? Please join us for a debate that could profoundly affect the future of Medicaid and long-term care.