Thursday, February 24, 2005
NCPA president praises Ohio long-term care proposal
["Medicaid 'Partnership' Program," NCPA Daily Policy Digest, 24 February 2005.]
According to The Wall Street Journal, more and more seniors are sheltering assets and letting taxpayers pick up the tab for their nursing home care. A whole industry of lawyers has built up to help the process along. Insuring for this type of care makes sense, but people will only take that step if states stop allowing them to pass the buck. Ohio's efforts to put a stop to it receive some praise from NCPA president John Goodman in this article:
Ohio is considering a proposal under which the state would claim title to a senior's assets, giving him a zero-interest loan against Medicaid benefits until he is deceased. The assets would then be used to offset the costs incurred by the state for his care. Seniors who choose cheaper care options would get to keep more of their assets. This is "the most aggressive effort to control long-term care costs anywhere in the nation," says John Goodman of the National Center for Policy Analysis.
[Stephen A. Moses, "Project Proposal: Controlling Medicaid Long-Term Care Costs," The Flint Hills Center.
Matthew Hisrich, "First Things First: Kansas Medicaid Program Must Get its House in Order Before Expanding Home-based Care," The Flint Hills Center, 20 August 2004.]
["Medicaid 'Partnership' Program," NCPA Daily Policy Digest, 24 February 2005.]
According to The Wall Street Journal, more and more seniors are sheltering assets and letting taxpayers pick up the tab for their nursing home care. A whole industry of lawyers has built up to help the process along. Insuring for this type of care makes sense, but people will only take that step if states stop allowing them to pass the buck. Ohio's efforts to put a stop to it receive some praise from NCPA president John Goodman in this article:
Ohio is considering a proposal under which the state would claim title to a senior's assets, giving him a zero-interest loan against Medicaid benefits until he is deceased. The assets would then be used to offset the costs incurred by the state for his care. Seniors who choose cheaper care options would get to keep more of their assets. This is "the most aggressive effort to control long-term care costs anywhere in the nation," says John Goodman of the National Center for Policy Analysis.
[Stephen A. Moses, "Project Proposal: Controlling Medicaid Long-Term Care Costs," The Flint Hills Center.
Matthew Hisrich, "First Things First: Kansas Medicaid Program Must Get its House in Order Before Expanding Home-based Care," The Flint Hills Center, 20 August 2004.]
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