Policy Forum

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

September 7, 2005 12:00 PM to 1:30 PM EDT

Auditorium/Wintergarden

Featuring Stephen A. Moses, President, Center for Long‐​Term Care Reform, Inc. (www​.cen​terltc​.org); Vincent J. Russo, Certified Elder Law Attorney, Past President, National Academy of Elder Law Attorneys (www​.rus​soelder​law​.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.

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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.