The U.S. is one of only a few industrialized countries in the world that has not adopted a national approach to help people prepare and pay for their long-term care needs. Really! As a result, the costs associated with this care is passed down to families in need, our state and federal governments, and all taxpayers. Really! This has enormous implications for our country.
To address this impending crisis, LeadingAge convened a diverse set of cross-sector stakeholders to identify ways to address this issue. The group worked together to outline potential paths we could pursue as a country to prevent this crisis. They then invested in economic modeling to determine which paths had the most promise, and made preliminary guidance for next steps. For the first time in US history, we have general agreement on the principal drivers of this issue and possible next steps.